Scotiabank Has Strong Estimate for Newmont FY2025 Earnings

Newmont Co. (TSE:NGT) – Analysts at Scotiabank upped their FY2025 earnings per share (EPS) estimates for shares of Newmont in a note issued to investors on Tuesday, October 28th. Scotiabank analyst T. Jakusconek now anticipates that the company will earn $8.53 per share for the year, up from their previous estimate of $7.37. Scotiabank has a “Strong-Buy” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. Scotiabank also issued estimates for Newmont’s FY2026 earnings at $9.66 EPS.

NGT has been the subject of several other reports. BNP Paribas downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. National Bankshares increased their price objective on Newmont from C$110.00 to C$125.00 and gave the company an “outperform” rating in a research note on Monday, September 22nd. Royal Bank Of Canada raised Newmont from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, September 10th. Stifel Canada raised Newmont to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, The Goldman Sachs Group raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Sunday, October 12th. Eight analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$85.00.

Newmont Stock Down 1.1%

TSE NGT opened at C$116.00 on Friday. The business has a fifty day moving average price of C$111.75 and a 200 day moving average price of C$91.02. Newmont has a one year low of C$53.03 and a one year high of C$119.73. The company has a debt-to-equity ratio of 30.62, a quick ratio of 1.77 and a current ratio of 1.96. The company has a market cap of C$127.42 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.43 and a beta of 0.90.

Newmont Company Profile

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.