Raymond James Equities Analysts Lower Earnings Estimates for Newmont Co. (TSE:NGT)

Newmont Co. (TSE:NGT) – Equities research analysts at Raymond James reduced their Q2 2024 earnings per share estimates for shares of Newmont in a research report issued on Tuesday, April 16th. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.48 per share for the quarter, down from their previous estimate of $0.50. The consensus estimate for Newmont’s current full-year earnings is $3.48 per share. Raymond James also issued estimates for Newmont’s Q4 2024 earnings at $0.72 EPS.

A number of other equities research analysts have also recently weighed in on the stock. National Bankshares reduced their price target on shares of Newmont from C$65.00 to C$64.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. National Bank Financial reissued an “outperform overweight” rating on shares of Newmont in a report on Monday, April 8th.

Newmont Stock Down 0.0 %

Shares of TSE:NGT opened at C$53.06 on Thursday. The firm has a 50 day simple moving average of C$47.08 and a 200-day simple moving average of C$49.91. Newmont has a twelve month low of C$39.96 and a twelve month high of C$68.15. The company has a current ratio of 1.25, a quick ratio of 1.77 and a debt-to-equity ratio of 32.67. The company has a market capitalization of C$61.02 billion, a PE ratio of -12.91, a P/E/G ratio of 0.78 and a beta of 0.54.

Newmont (TSE:NGT) last posted its earnings results on Thursday, February 22nd. The company reported C$0.68 earnings per share for the quarter, missing the consensus estimate of C$0.70 by C($0.02). The business had revenue of C$5.39 billion for the quarter, compared to analysts’ expectations of C$4.37 billion. Newmont had a negative return on equity of 10.23% and a negative net margin of 21.11%.

Newmont Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 5th were issued a $0.336 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.53%. Newmont’s payout ratio is -33.09%.

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.