Newmont Co. (TSE:NGT) Given Consensus Rating of "Moderate Buy" by Brokerages

Newmont Co. (TSE:NGT - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six research firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$68.00.

A number of research firms have recently issued reports on NGT. Scotiabank downgraded Newmont from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. Argus upgraded Newmont from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 29th. UBS Group downgraded Newmont from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Finally, Cibc World Mkts cut Newmont from a "strong-buy" rating to a "hold" rating in a report on Monday, October 28th.

Newmont Trading Down 0.2 %

Shares of TSE NGT traded down C$0.12 during midday trading on Friday, reaching C$63.15. The stock had a trading volume of 190,834 shares, compared to its average volume of 208,179. Newmont has a twelve month low of C$39.96 and a twelve month high of C$81.16. The company has a debt-to-equity ratio of 31.20, a quick ratio of 1.77 and a current ratio of 2.11. The company's 50 day moving average price is C$72.16 and its 200 day moving average price is C$64.59. The firm has a market cap of C$72.62 billion, a price-to-earnings ratio of -16.66, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

Newmont (TSE:NGT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported C$1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.07 by C$0.04. Newmont had a negative return on equity of 8.09% and a negative net margin of 13.29%. The company had revenue of C$6.28 billion for the quarter, compared to the consensus estimate of C$5.79 billion. As a group, sell-side analysts expect that Newmont will post 5.509887 EPS for the current year.

Newmont Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.338 per share. This represents a $1.35 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Wednesday, November 27th. Newmont's dividend payout ratio is presently -35.62%.

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.