FY2024 EPS Estimates for Newmont Co. Increased by Jefferies Financial Group (TSE:NGT)

Newmont Co. (TSE:NGT – Get Rating) – Stock analysts at Jefferies Financial Group raised their FY2024 earnings per share (EPS) estimates for Newmont in a research note issued on Monday, April 18th. Jefferies Financial Group analyst C. Lafemina now anticipates that the company will earn $4.93 per share for the year, up from their previous forecast of $4.89. Jefferies Financial Group also issued estimates for Newmont’s FY2025 earnings at $4.86 EPS.

Newmont (TSE:NGT – Get Rating) last released its earnings results on Thursday, February 24th. The company reported C$0.98 earnings per share for the quarter, topping the consensus estimate of C$0.96 by C$0.02. The firm had revenue of C$4.27 billion during the quarter, compared to analysts’ expectations of C$4.22 billion.

Newmont stock opened at C$104.57 on Wednesday. The firm’s 50 day simple moving average is C$94.64 and its 200-day simple moving average is C$80.80. The company has a market cap of C$82.88 billion and a P/E ratio of 56.96. The company has a debt-to-equity ratio of 28.83, a current ratio of 2.90 and a quick ratio of 2.04. Newmont has a fifty-two week low of C$66.25 and a fifty-two week high of C$108.98.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 10th were given a $0.699 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Wednesday, March 9th. Newmont’s dividend payout ratio (DPR) is currently 119.83%.

About Newmont (Get Rating)

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, and Ghana. As of December 31, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers.

See Also