What is Scotiabank’s Forecast for Newmont FY2025 Earnings?

Newmont Co. (TSE:NGT) – Research analysts at Scotiabank increased their FY2025 earnings per share estimates for shares of Newmont in a research report issued on Wednesday, September 24th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings per share of $7.37 for the year, up from their prior estimate of $7.30. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share.

Several other research analysts have also recently weighed in on the stock. National Bankshares boosted their price target on shares of Newmont from C$110.00 to C$125.00 and gave the company an “outperform” rating in a research report on Monday. Royal Bank Of Canada raised shares of Newmont from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, September 10th. National Bank Financial raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 25th. The Goldman Sachs Group cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 8th. Finally, Stifel Canada upgraded shares of Newmont to a “strong-buy” rating in a report on Tuesday, July 8th. Five equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Newmont currently has a consensus rating of “Moderate Buy” and a consensus price target of C$85.00.

Newmont Trading Down 1.1%

Shares of NGT stock opened at C$116.00 on Friday. The stock’s fifty day moving average is C$98.50 and its two-hundred day moving average is C$82.23. The company has a debt-to-equity ratio of 30.62, a quick ratio of 1.77 and a current ratio of 1.96. The firm has a market capitalization of C$127.42 billion, a P/E ratio of 20.86, a PEG ratio of 1.43 and a beta of 0.90. Newmont has a fifty-two week low of C$53.03 and a fifty-two week 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.