Raymond James Has Optimistic Outlook of Newmont Q1 Earnings

Newmont Co. (TSE:NGT) – Equities researchers at Raymond James increased their Q1 2025 EPS estimates for shares of Newmont in a research report issued on Tuesday, April 1st. Raymond James analyst B. Macarthur now expects that the company will post earnings of $1.16 per share for the quarter, up from their previous forecast of $0.75. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. Raymond James also issued estimates for Newmont’s Q1 2025 earnings at $1.16 EPS, Q2 2025 earnings at $0.80 EPS, Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.99 EPS, Q4 2025 earnings at $0.99 EPS, FY2025 earnings at $3.79 EPS and FY2025 earnings at $3.79 EPS.

Other analysts also recently issued reports about the stock. Citigroup dropped their target price on shares of Newmont from C$66.00 to C$45.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. The Goldman Sachs Group upgraded shares of Newmont to a “strong-buy” rating in a report on Monday, January 13th. National Bankshares upped their target price on shares of Newmont from C$75.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 19th. Finally, National Bank Financial upgraded Newmont to a “hold” rating in a report on Friday, March 21st. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$62.50.

Newmont Trading Down 7.5 %

TSE:NGT opened at C$63.00 on Friday. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. The business’s 50-day simple moving average is C$64.97 and its 200-day simple moving average is C$64.06. Newmont has a fifty-two week low of C$50.27 and a fifty-two week high of C$81.16. The stock has a market capitalization of C$50.11 billion, a PE ratio of -41.62, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

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.