National Bank Financial Predicts Newmont Q3 Earnings

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

NGT has been the subject of a number of other research reports. Cibc World Mkts upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Argus raised Newmont from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Finally, Scotiabank raised Newmont from a “hold” rating to a “strong-buy” rating in a report on Monday, August 19th. One investment 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, the company currently has an average rating of “Strong Buy” and a consensus price target of C$68.00.

Newmont Price Performance

Shares of TSE NGT opened at C$67.33 on Thursday. The firm has a market capitalization of C$77.43 billion, a PE ratio of -17.77, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 31.20, a current ratio of 2.11 and a quick ratio of 1.77. Newmont has a 1-year low of C$39.96 and a 1-year high of C$81.16. The business’s fifty day moving average price is C$72.70 and its two-hundred day moving average price is C$63.93.

Newmont (TSE:NGT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported C$1.11 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.04. The firm had revenue of C$6.28 billion during the quarter, compared to analysts’ expectations of C$5.79 billion. Newmont had a negative return on equity of 8.09% and a negative net margin of 13.29%.

Newmont Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.338 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.35 annualized dividend and a dividend yield of 2.01%. Newmont’s dividend payout ratio is currently -35.62%.

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.