Q4 2024 EPS Estimates for Newmont Co. Raised by Raymond James (TSE:NGT)

Newmont Co. (TSE:NGT) – Raymond James upped their Q4 2024 EPS estimates for Newmont in a research report issued on Tuesday, September 10th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $1.05 per share for the quarter, up from their prior estimate of $1.01. The consensus estimate for Newmont’s current full-year earnings is $6.85 per share.

NGT has been the topic of several other reports. Argus upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. BNP Paribas upgraded Newmont to a “strong-buy” rating in a report on Friday, June 21st. Cibc World Mkts raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. UBS Group upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Monday, June 17th. Finally, Scotiabank raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and five have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy” and an average target price of C$68.00.

Newmont Trading Up 1.5 %

TSE NGT opened at C$73.00 on Friday. 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 stock’s 50-day moving average is C$67.42 and its 200-day moving average is C$58.32. Newmont has a one year low of C$39.96 and a one year high of C$73.60. The firm has a market cap of C$83.95 billion, a P/E ratio of -19.62, a P/E/G ratio of 1.24 and a beta of 0.51.

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

Newmont Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 5th will be paid a dividend of $0.342 per share. This represents a $1.37 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Thursday, September 5th. This is a positive change from Newmont’s previous quarterly dividend of $0.34. Newmont’s dividend payout ratio (DPR) is -36.29%.

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.