Scotiabank Issues Optimistic Forecast for Newmont Earnings

Newmont Co. (TSE:NGT) – Equities researchers at Scotiabank raised their FY2025 earnings per share estimates for Newmont in a report issued on Friday, January 30th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings of $8.66 per share for the year, up from their prior estimate of $8.53. Scotiabank currently has a “Strong-Buy” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share.

Several other research firms have also recently issued reports on NGT. Cibc World Mkts raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Citigroup upgraded Newmont to a “strong-buy” rating in a research report on Monday, January 12th. The Goldman Sachs Group raised Newmont from a “hold” rating to a “strong-buy” rating in a report on Sunday, October 12th. DZ Bank raised Newmont to a “strong-buy” rating in a report on Monday, January 19th. Finally, BNP Paribas Exane cut Newmont from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Eleven investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus target price of C$125.00.

Newmont Stock Down 1.1%

NGT stock opened at C$116.00 on Monday. The stock has a market capitalization of C$127.42 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.90. The company has a fifty day moving average of C$116.00 and a 200-day moving average of C$110.09. The company has a debt-to-equity ratio of 30.62, a quick ratio of 1.77 and a current ratio of 1.96. Newmont has a one year low of C$53.03 and a one year high of C$119.73.

About Newmont

Newmont Corp is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. It is also engaged in the production of copper, silver, lead and zinc. The company’s operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada.