FY2024 EPS Estimates for Newmont Co. Reduced by National Bank Financial (TSE:NGT)

Newmont Co. (TSE:NGTFree Report) – Equities researchers at National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of Newmont in a note issued to investors on Monday, May 27th. National Bank Financial analyst M. Parkin now forecasts that the company will post earnings of $3.24 per share for the year, down from their previous estimate of $3.33. National Bank Financial currently has a “Sector Perform Overweight” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $4.52 per share. National Bank Financial also issued estimates for Newmont’s FY2025 earnings at $3.64 EPS.

Newmont (TSE:NGTGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.48 by C$0.26. Newmont had a negative net margin of 20.33% and a negative return on equity of 10.98%. The company had revenue of C$5.42 billion for the quarter, compared to analyst estimates of C$4.59 billion.

Separately, National Bankshares lowered Newmont from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$69.00 to C$68.00 in a research report on Wednesday, May 1st.

Check Out Our Latest Research Report on NGT

Newmont Price Performance

Shares of NGT opened at C$57.36 on Thursday. The company has a market cap of C$65.96 billion, a P/E ratio of -12.83, a PEG ratio of 0.78 and a beta of 0.49. Newmont has a fifty-two week low of C$39.96 and a fifty-two week high of C$60.50. The company has a quick ratio of 1.77, a current ratio of 2.15 and a debt-to-equity ratio of 32.56. The firm’s 50 day moving average price is C$54.57 and its 200 day moving average price is C$51.01.

Newmont Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.338 per share. The ex-dividend date is Tuesday, June 4th. This is an increase from Newmont’s previous quarterly dividend of $0.34. This represents a $1.35 dividend on an annualized basis and a dividend yield of 2.36%. Newmont’s payout ratio is currently -30.65%.

Newmont Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Newmont (TSE:NGT)

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