Newmont Raises Earnings EstimatesNewmont Raises Earnings Estimates National Bank Financial has upgraded its earnings estimates for Newmont Co. (TSE:NGT) for the 2025 fiscal year. Analyst M. Parkin now expects the company to earn $4.34 per share, up from the previous estimate of $3.79. The consensus estimate for Newmont’s full-year earnings is $4.52 per share. Other Analyst Ratings * BNP Paribas upgraded Newmont to “strong-buy” on June 21st. * CIBC World Markets upgraded Newmont to “strong-buy” on July 10th. * UBS Group upgraded Newmont to “strong-buy” on June 17th. * National Bankshares raised its price target on Newmont to C$68.00 and gave it a “sector perform” rating on June 10th. Stock Performance Newmont shares are down 0.9% to C$64.60 on Friday. The company’s 52-week range is C$39.96 to C$66.91. Key Metrics * Quick ratio: 1.77 * Current ratio: 2.15 * Debt-to-equity ratio: 32.56 * Market cap: C$74.29 billion * Price-to-earnings ratio: -14.45 * PEG ratio: 0.78 * Beta: 0.49 Recent Results Newmont reported first-quarter earnings of C$0.74 per share, beating analysts’ estimates by C$0.26. Revenue of C$5.42 billion also surpassed expectations. Dividend Increase Newmont declared a quarterly dividend of $0.338 per share, an increase from $0.34. The dividend yield is now 2.09%. Company Profile Newmont Corporation explores, mines, and processes gold, copper, silver, zinc, and lead.
Newmont Co. (TSE:NGT – Free Report) – Equity analysts at National Bank Financial raised their FY2025 earnings estimates for shares of Newmont in a note issued to investors on Tuesday, July 16th. National Bank Financial analyst M. Parkin now expects the company to post earnings of $4.34 per share for the year, up from their previous forecast of $3.79. National Bank Financial currently has a “Sector Perform Overweight” rating on the stock. The consensus estimate for Newmont’s full year current earnings is $4.52 per share.
Several other research analysts have also commented on the stock. BNP Paribas upgraded shares of Newmont to a “strong-buy” rating in a research note on Friday, June 21st. Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. UBS Group upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 17th. Finally, National Bankshares increased their price target on shares of Newmont from C$67.00 to C$68.00 and gave the stock a “sector perform” rating in a research report on Monday, June 10th. Two analysts have rated the stock with a hold rating and three have given it a strong buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$59.00.
View our latest research report on NGT
Newmont shares down 0.9%
NGT shares opened at C$64.60 on Friday. Newmont has a 12-month low of C$39.96 and a 12-month high of C$66.91. The company has a quick ratio of 1.77, a current ratio of 2.15 and a debt-to-equity ratio of 32.56. The company has a market cap of C$74.29 billion, a price-to-earnings ratio of -14.45, a PEG ratio of 0.78 and a beta of 0.49. The company has a 50-day moving average of C$58.79 and a 200-day moving average of C$52.42.
Newmont (TSE:NGT – Get Free Report) last released its quarterly results on Thursday, April 25. The company reported C$0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.48 by C$0.26. The company had revenue of C$5.42 billion for the quarter, compared to analysts’ estimates of C$4.59 billion. Newmont had a negative net margin of 20.33% and a negative return on equity of 10.98%.
Newmont raises dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Tuesday, June 4th were paid a dividend of $0.338 per share. This represents an annualized dividend of $1.35 and a dividend yield of 2.09%. This is an increase from Newmont’s previous quarterly dividend of $0.34. The ex-dividend date for this dividend was Tuesday, June 4th. Newmont’s dividend payout ratio (DPR) is currently -30.65%.
Company Profile Newmont
(Get free report)
Newmont Corporation is engaged in the production and exploration of gold. The Company 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.
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