Newmont Co. (TSE:NGT - Get Free Report) has earned an average rating of "Moderate Buy" from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$56.50.
NGT has been the subject of a number of research analyst reports. Citigroup decreased their price target on Newmont from C$66.00 to C$45.00 and set a "buy" rating for the company in a research report on Monday, December 23rd. Scotiabank downgraded Newmont from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 25th. CLSA raised Newmont to a "hold" rating in a research report on Friday, November 29th. Cibc World Mkts downgraded Newmont from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 28th. Finally, UBS Group downgraded Newmont from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th.
View Our Latest Analysis on Newmont
Newmont Stock Up 0.6 %
TSE:NGT traded up C$0.37 on Friday, hitting C$60.28. The stock had a trading volume of 232,327 shares, compared to its average volume of 206,064. The company has a market cap of C$69.32 billion, a PE ratio of -15.91, a P/E/G ratio of 1.43 and a beta of 0.51. Newmont has a 52 week low of C$39.96 and a 52 week high of C$81.16. The business's fifty day moving average is C$57.45 and its 200 day moving average is C$64.89. The company has a quick ratio of 1.77, a current ratio of 2.11 and a debt-to-equity ratio of 31.20.
Newmont (TSE:NGT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported C$1.11 EPS for the quarter, topping the consensus estimate of C$1.07 by C$0.04. The firm had revenue of C$6.28 billion during the quarter, compared to the consensus estimate of C$5.79 billion. Newmont had a negative return on equity of 8.09% and a negative net margin of 13.29%. On average, equities research analysts expect that Newmont will post 5.509887 EPS for the current fiscal year.
Newmont Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th were given a dividend of $0.338 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.35 dividend on an annualized basis and a yield of 2.24%. Newmont's payout ratio is -35.62%.
About Newmont
(
Get Free ReportNewmont 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.
Further Reading
Before you consider Newmont, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Newmont wasn't on the list.
While Newmont currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
