Research Analysts Set Expectations for Newmont Q4 Earnings

Newmont Co. (TSE:NGT) – Equities researchers at Raymond James dropped their Q4 2024 earnings per share estimates for shares of Newmont in a research report issued to clients and investors on Sunday, October 27th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $1.28 per share for the quarter, down from their prior estimate of $1.31. 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 $1.20 EPS.

Newmont (TSE:NGT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported C$1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.07 by C$0.04. Newmont had a negative return on equity of 8.09% and a negative net margin of 13.29%. The business had revenue of C$6.28 billion during the quarter, compared to the consensus estimate of C$5.79 billion.

A number of other brokerages also recently issued reports on NGT. Cibc World Mkts downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday. Argus raised Newmont from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Finally, Scotiabank lowered Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$68.00.

Newmont Stock Performance

TSE NGT opened at C$65.23 on Tuesday. The company has a debt-to-equity ratio of 31.20, a current ratio of 2.11 and a quick ratio of 1.77. The company has a fifty day moving average price of C$72.44 and a 200-day moving average price of C$64.36. Newmont has a 1 year low of C$39.96 and a 1 year high of C$81.16. The firm has a market cap of C$75.01 billion, a price-to-earnings ratio of -17.21, a PEG ratio of 1.43 and a beta of 0.51.

Newmont Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th will be paid a $0.338 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Wednesday, November 27th. Newmont’s payout ratio is -35.62%.

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.