Q1 2022 Earnings Estimate for Newmont Co. Issued By Raymond James (TSE:NGT)

Newmont Co. (TSE:NGTGet Rating) – Investment analysts at Raymond James decreased their Q1 2022 earnings per share estimates for shares of Newmont in a research note issued to investors on Tuesday, April 19th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.95 per share for the quarter, down from their previous estimate of $0.98. Raymond James also issued estimates for Newmont’s Q2 2022 earnings at $1.10 EPS, Q3 2022 earnings at $1.15 EPS, Q4 2022 earnings at $1.12 EPS, FY2022 earnings at $4.30 EPS, Q1 2023 earnings at $0.96 EPS, Q2 2023 earnings at $0.97 EPS, Q3 2023 earnings at $0.97 EPS, Q4 2023 earnings at $1.00 EPS and FY2023 earnings at $3.88 EPS.

Newmont (TSE:NGTGet Rating) last posted its earnings results on Thursday, February 24th. The company reported C$0.98 EPS for the quarter, topping analysts’ consensus estimates of C$0.96 by C$0.02. The company had revenue of C$4.27 billion during the quarter, compared to the consensus estimate of C$4.22 billion.

Separately, National Bankshares downgraded shares of Newmont from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$107.00 to C$119.00 in a research report on Wednesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$83.96.

Shares of TSE NGT opened at C$103.21 on Thursday. 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 1 year low of C$66.25 and a 1 year high of C$108.98. The company has a 50 day simple moving average of C$95.17 and a 200 day simple moving average of C$81.04. The firm has a market cap of C$81.80 billion and a PE ratio of 56.12.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 10th were issued a $0.699 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Wednesday, March 9th. Newmont’s dividend payout ratio (DPR) is 150.08%.

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.

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Earnings History and Estimates for Newmont (TSE:NGT)

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