Newmont Co. (TSE:NGT – Free Report) – Analysts at National Bank Financial decreased their FY2023 EPS estimates for Newmont in a research note issued on Sunday, October 22nd. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings per share of $2.90 for the year, down from their prior forecast of $3.12. The consensus estimate for Newmont’s current full-year earnings is $4.69 per share. National Bank Financial also issued estimates for Newmont’s FY2024 earnings at $4.38 EPS.
Several other brokerages have also commented on NGT. CIBC lowered shares of Newmont from an “outperform” rating to a “neutral” rating and dropped their price target for the company from C$54.00 to C$50.00 in a research note on Friday, July 21st. National Bankshares reduced their target price on shares of Newmont from C$92.00 to C$81.00 and set an “outperform” rating for the company in a report on Monday.
Newmont Price Performance
Shares of TSE:NGT opened at C$50.66 on Wednesday. The firm’s 50 day moving average is C$52.72 and its two-hundred day moving average is C$56.65. Newmont has a 52 week low of C$47.93 and a 52 week high of C$76.08. The firm has a market capitalization of C$40.26 billion, a P/E ratio of -37.81, a PEG ratio of 0.78 and a beta of 0.43. The company has a current ratio of 2.28, a quick ratio of 1.77 and a debt-to-equity ratio of 31.48.
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, and Ghana. As of December 31, 2022, it had proven and probable gold reserves of 96.1 million ounces and land position of 61,500 square kilometers.
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