Zacks Research Weighs in on Newmont’s Q1 Earnings (TSE:NGT)

Newmont Co. (TSE:NGT) – Zacks Research raised their Q1 2027 earnings estimates for Newmont in a research note issued on Wednesday, August 6th. Zacks Research analyst A. Barman now anticipates that the company will post earnings per share of $1.58 for the quarter, up from their prior forecast of $1.39. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share.

A number of other equities research analysts also recently issued reports on the stock. Stifel Canada upgraded shares of Newmont to a “strong-buy” rating in a research report on Tuesday, July 8th. Cfra Research upgraded shares of Newmont to a “strong-buy” rating in a research report on Friday, April 25th. The Goldman Sachs Group downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 8th. BMO Capital Markets upgraded shares of Newmont to a “strong-buy” rating in a research report on Tuesday, April 15th. Finally, National Bank Financial upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 25th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and six have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$62.50.

Newmont Price Performance

Shares of TSE:NGT opened at C$94.90 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.96 and a debt-to-equity ratio of 30.62. The company has a market cap of C$75.49 billion, a P/E ratio of -62.70, a PEG ratio of 1.43 and a beta of 0.51. Newmont has a 52 week low of C$53.03 and a 52 week high of C$96.62. The company has a 50-day moving average price of C$81.47 and a 200 day moving average price of C$72.83.

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.