Scotiabank Has Bearish Forecast for Newmont FY2026 Earnings

Newmont Co. (TSE:NGT) – Scotiabank dropped their FY2026 EPS estimates for shares of Newmont in a report released on Wednesday, September 24th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $6.88 per share for the year, down from their prior forecast of $6.89. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share.

A number of other research firms have also issued reports on NGT. National Bankshares boosted their target price on shares of Newmont from C$110.00 to C$125.00 and gave the company an “outperform” rating in a research note on Monday, September 22nd. Royal Bank Of Canada raised shares of Newmont from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, September 10th. BNP Paribas lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Stifel Canada raised shares of Newmont to a “strong-buy” rating in a research note on Tuesday, July 8th. 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 Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Newmont currently has a consensus rating of “Moderate Buy” and a consensus price target of C$85.00.

Newmont Trading Down 1.1%

Newmont stock opened at C$116.00 on Monday. 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 firm has a 50-day moving average price of C$100.54 and a two-hundred day moving average price of C$83.43. The firm has a market capitalization of C$127.42 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.43 and a beta of 0.90. Newmont has a 52-week low of C$53.03 and a 52-week high of C$119.73.

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.