National Bank Financial Forecasts Newmont Q3 Earnings

Newmont Co. (TSE:NGT) – Research analysts at National Bank Financial issued their Q3 2024 EPS estimates for Newmont in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin forecasts that the company will earn $1.20 per share for the quarter. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share.

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

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

Newmont Price Performance

Shares of NGT stock opened at C$79.96 on Thursday. The firm has a fifty day moving average of C$72.68 and a two-hundred day moving average of C$63.90. The firm has a market cap of C$91.95 billion, a P/E ratio of -21.10, a P/E/G ratio of 1.43 and a beta of 0.51. Newmont has a 1-year low of C$39.96 and a 1-year high of C$81.16. The company has a debt-to-equity ratio of 31.20, a current ratio of 2.11 and a quick ratio of 1.77.

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.