FY2024 Earnings Forecast for Newmont Issued By Raymond James

Newmont Co. (TSE:NGT) – Raymond James upped their FY2024 earnings per share (EPS) estimates for shares of Newmont in a report released on Monday, January 27th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $4.19 for the year, up from their previous forecast of $4.08. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. Raymond James also issued estimates for Newmont’s Q1 2025 earnings at $1.15 EPS, Q3 2025 earnings at $1.07 EPS and FY2025 earnings at $4.39 EPS.

A number of other analysts have also weighed in on the stock. UBS Group lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. CLSA upgraded Newmont to a “hold” rating in a research report on Friday, November 29th. The Goldman Sachs Group upgraded Newmont to a “strong-buy” rating in a research report on Monday, January 13th. Scotiabank lowered Newmont from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Cibc World Mkts downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Five analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$56.50.

Newmont Trading Down 0.4 %

Shares of Newmont stock opened at C$59.53 on Wednesday. The company’s 50-day moving average price is C$57.50 and its 200-day moving average price is C$64.95. The company has a current ratio of 2.11, a quick ratio of 1.77 and a debt-to-equity ratio of 31.20. Newmont has a 12-month low of C$39.96 and a 12-month high of C$81.16. The company has a market cap of C$68.46 billion, a price-to-earnings ratio of -15.71, a PEG ratio of 1.43 and a beta of 0.51.

Newmont Company Profile

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.