Scotiabank Has Optimistic Outlook of Newmont FY2025 Earnings

Newmont Co. (TSE:NGT) – Scotiabank lifted their FY2025 earnings estimates for Newmont in a research report issued on Friday, January 30th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings of $8.66 per share for the year, up from their previous forecast of $8.53. Scotiabank has a “Strong-Buy” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share.

Several other equities research analysts also recently weighed in on the company. Cibc World Mkts raised Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. The Goldman Sachs Group raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Sunday, October 12th. Macquarie raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Citigroup upgraded shares of Newmont to a “strong-buy” rating in a research note on Monday, January 12th. Finally, DZ Bank raised shares of Newmont to a “strong-buy” rating in a report on Monday, January 19th. Eleven analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus target price of C$125.00.

Newmont Stock Down 1.1%

Shares of Newmont stock opened at C$116.00 on Monday. The company has a fifty day moving average price of C$116.00 and a 200 day moving average price of C$109.84. The company has a current ratio of 1.96, a quick ratio of 1.77 and a debt-to-equity ratio of 30.62. Newmont has a twelve month low of C$53.03 and a twelve month high of C$119.73. The stock has a market cap of C$127.42 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.90.

Newmont Company Profile

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.