National Bank Financial Cuts Earnings Estimates for Newmont

Newmont Co. (TSE:NGT) – Analysts at National Bank Financial decreased their FY2025 earnings estimates for Newmont in a research note issued to investors on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now forecasts that the company will earn $8.24 per share for the year, down from their previous estimate of $8.35. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share.

Several other equities research analysts also recently issued reports on NGT. Stifel Canada raised shares of Newmont to a “strong-buy” rating in a research report on Tuesday, July 8th. The Goldman Sachs Group downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 8th. Royal Bank Of Canada raised shares of Newmont from a “hold” rating to a “moderate buy” rating in a report on Wednesday, September 10th. BNP Paribas downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. Finally, Macquarie downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 2nd. Five analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$85.00.

Newmont Stock Down 1.1%

Shares of Newmont stock opened at C$116.00 on Friday. Newmont has a 1 year low of C$53.03 and a 1 year high of C$119.73. The business has a 50-day moving average of C$99.22 and a two-hundred day moving average of C$82.60. The company has a market capitalization of C$127.42 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.90. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77.

About Newmont

Newmont Corp is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. It is also engaged in the production of copper, silver, lead and zinc. The company’s operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada.