Zacks Research Issues Positive Estimate for Newmont Earnings

Newmont Co. (TSE:NGT) – Investment analysts at Zacks Research increased their Q1 2025 earnings estimates for shares of Newmont in a note issued to investors on Friday, October 18th. Zacks Research analyst A. Barman now expects that the company will post earnings per share of $0.90 for the quarter, up from their previous forecast of $0.76. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share.

Other analysts also recently issued reports about the stock. Scotiabank upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Monday, August 19th. Argus upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Finally, Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a hold rating and five have given a strong buy rating to the company. According to MarketBeat.com, Newmont has a consensus rating of “Strong Buy” and a consensus target price of C$68.00.

Newmont Stock Performance

Shares of TSE NGT opened at C$81.14 on Monday. The company has a debt-to-equity ratio of 31.20, a quick ratio of 1.77 and a current ratio of 2.11. The company has a market cap of C$93.31 billion, a P/E ratio of -21.41, a P/E/G ratio of 1.43 and a beta of 0.51. The firm’s fifty day moving average is C$72.43 and its two-hundred day moving average is C$63.78. Newmont has a 52-week low of C$39.96 and a 52-week high of C$81.16.

Newmont (TSE:NGT) last announced its quarterly earnings results on Wednesday, July 24th. The company reported C$0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.27. The company had revenue of C$6.02 billion for the quarter, compared to the consensus estimate of C$4.79 billion. Newmont had a negative net margin of 13.29% and a negative return on equity of 8.09%.

About Newmont

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.