FY2025 Earnings Forecast for Newmont Issued By Stifel Canada

Newmont Co. (TSE:NGT) – Analysts at Stifel Canada upped their FY2025 earnings estimates for Newmont in a research report issued on Monday, October 20th. Stifel Canada analyst R. Profiti now anticipates that the company will post earnings of $9.52 per share for the year, up from their prior estimate of $8.58. Stifel Canada currently has a “Strong-Buy” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. Stifel Canada also issued estimates for Newmont’s FY2026 earnings at $9.94 EPS and FY2027 earnings at $11.72 EPS.

A number of other research firms have also recently commented on NGT. BNP Paribas cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 4th. National Bankshares upped their price target on shares of Newmont from C$110.00 to C$125.00 and gave the company an “outperform” rating in a report on Monday, September 22nd. National Bank Financial raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, July 25th. Royal Bank Of Canada raised shares of Newmont from a “hold” rating to a “moderate buy” rating in a report on Wednesday, September 10th. Finally, The Goldman Sachs Group raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Sunday, October 12th. Seven research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$85.00.

Newmont Trading Down 1.1%

TSE NGT opened at C$116.00 on Thursday. The company’s fifty day simple moving average is C$109.33 and its 200-day simple moving average is C$88.97. Newmont has a 52 week low of C$53.03 and a 52 week high of C$119.73. The company has a current ratio of 1.96, a quick ratio of 1.77 and a debt-to-equity ratio of 30.62. The stock has a market cap of C$127.42 billion, a P/E ratio of 20.86, a PEG ratio of 1.43 and a beta of 0.90.

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.