Raymond James Brokers Raise Earnings Estimates for Newmont

Newmont Co. (TSE:NGT) – Equities researchers at Raymond James boosted their Q1 2025 EPS estimates for shares of Newmont in a note issued to investors on Tuesday, April 1st. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $1.16 per share for the quarter, up from their previous estimate of $0.75. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. Raymond James also issued estimates for Newmont’s Q1 2025 earnings at $1.16 EPS, Q2 2025 earnings at $0.80 EPS, Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.99 EPS, Q4 2025 earnings at $0.99 EPS, FY2025 earnings at $3.79 EPS and FY2025 earnings at $3.79 EPS.

A number of other analysts have also commented on the company. National Bank Financial raised Newmont to a “hold” rating in a research note on Friday, March 21st. Citigroup cut their target price on shares of Newmont from C$66.00 to C$45.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. The Goldman Sachs Group upgraded shares of Newmont to a “strong-buy” rating in a research report on Monday, January 13th. Finally, National Bankshares raised their price target on shares of Newmont from C$75.00 to C$80.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$62.50.

Newmont Trading Down 2.5 %

Shares of NGT stock opened at C$68.09 on Friday. Newmont has a twelve month low of C$49.94 and a twelve month high of C$81.16. The stock’s fifty day simple moving average is C$64.92 and its 200 day simple moving average is C$64.06. The company has a quick ratio of 1.77, a current ratio of 1.96 and a debt-to-equity ratio of 30.62. The firm has a market capitalization of C$54.16 billion, a P/E ratio of -44.99, a P/E/G ratio of 1.43 and a beta of 0.51.

Newmont Company Profile

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, Papua New Guinea, Ecuador, Fiji, and Ghana.