FY2025 Earnings Forecast for Newmont Issued By Stifel Canada

Newmont Co. (TSE:NGT) – Analysts at Stifel Canada lifted their FY2025 earnings per share (EPS) estimates for Newmont in a research report issued on Monday, October 20th. Stifel Canada analyst R. Profiti now anticipates that the company will post earnings of $9.52 per share for the year, up from their previous estimate of $8.58. Stifel Canada currently has a “Strong-Buy” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. Stifel Canada also issued estimates for Newmont’s FY2026 earnings at $9.94 EPS and FY2027 earnings at $11.72 EPS.

Several other research analysts also recently commented on NGT. Cibc World Mkts upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. National Bank Financial upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, July 25th. Royal Bank Of Canada raised Newmont from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, September 10th. BNP Paribas cut Newmont from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Finally, Macquarie cut Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 2nd. Seven investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Newmont has an average rating of “Buy” and an average target price of C$85.00.

Newmont Stock Down 1.1%

NGT opened at C$116.00 on Thursday. The company has a market cap of C$127.42 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.43 and a beta of 0.90. The business’s 50-day moving average price is C$108.90 and its 200-day moving average price is C$88.61. The company has a current ratio of 1.96, a quick ratio of 1.77 and a debt-to-equity ratio of 30.62. Newmont has a 12 month low of C$53.03 and a 12 month 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.