National Bank Financial Analysts Lower Earnings Estimates for Newmont Co. (TSE:NGT)

Newmont Co. (TSE:NGTFree Report) – Analysts at National Bank Financial dropped their FY2024 EPS estimates for shares of Newmont in a report released on Monday, February 5th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $2.74 per share for the year, down from their prior estimate of $3.59. National Bank Financial currently has a “Outperform Overweight” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.91 per share.

Separately, National Bankshares dropped their target price on shares of Newmont from C$65.00 to C$64.00 and set an “outperform” rating on the stock in a report on Tuesday.

Read Our Latest Research Report on NGT

Newmont Stock Down 1.6 %

TSE NGT opened at C$44.11 on Thursday. The company has a debt-to-equity ratio of 31.60, a current ratio of 2.12 and a quick ratio of 1.77. The company’s 50 day simple moving average is C$51.01 and its 200 day simple moving average is C$52.10. Newmont has a 12 month low of C$43.81 and a 12 month high of C$70.88. The company has a market capitalization of C$50.73 billion, a P/E ratio of -31.06, a PEG ratio of 0.78 and a beta of 0.51.

Newmont Company Profile

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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, and Ghana. As of December 31, 2022, it had proven and probable gold reserves of 96.1 million ounces and land position of 61,500 square kilometers.

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Earnings History and Estimates for Newmont (TSE:NGT)

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