Newmont (NEM) Scheduled to Post Quarterly Earnings on Wednesday

Newmont (NYSE:NEM - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.62 by $0.10. Newmont had a positive return on equity of 8.35% and a negative net margin of 13.16%. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter in the prior year, the business earned $0.33 earnings per share. Newmont's revenue for the quarter was up 64.1% on a year-over-year basis. On average, analysts expect Newmont to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Newmont Stock Performance

NYSE:NEM opened at $55.69 on Wednesday. Newmont has a 1 year low of $29.42 and a 1 year high of $56.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.11 and a quick ratio of 1.85. The business has a fifty day simple moving average of $52.31 and a two-hundred day simple moving average of $45.97. The company has a market capitalization of $64.22 billion, a P/E ratio of -20.86, a P/E/G ratio of 0.43 and a beta of 0.50.

Newmont Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 5th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Thursday, September 5th. Newmont's dividend payout ratio is currently -37.45%.

Insider Transactions at Newmont

In related news, CEO Thomas Ronald Palmer sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $49.51, for a total value of $990,200.00. Following the sale, the chief executive officer now directly owns 311,469 shares of the company's stock, valued at $15,420,830.19. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Thomas Ronald Palmer sold 20,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $49.51, for a total value of $990,200.00. Following the transaction, the chief executive officer now owns 311,469 shares of the company's stock, valued at $15,420,830.19. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $52.47, for a total value of $157,410.00. Following the sale, the executive vice president now owns 94,596 shares in the company, valued at $4,963,452.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,000 shares of company stock valued at $3,434,640. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. BMO Capital Markets increased their target price on shares of Newmont from $56.00 to $57.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Jefferies Financial Group raised their price objective on shares of Newmont from $54.00 to $63.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Bank of America boosted their target price on shares of Newmont from $49.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, June 26th. Cibc World Mkts upgraded Newmont from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 10th. Finally, UBS Group lifted their price target on Newmont from $65.00 to $67.00 and gave the company a "buy" rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $53.46.

About Newmont

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, Papua New Guinea, Ecuador, Fiji, and Ghana.