Newmont Co. (TSE:NGT - Get Free Report) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Stockholders of record on Wednesday, November 27th will be given a dividend of 0.338 per share on Monday, December 23rd. This represents a $1.35 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Wednesday, November 27th.
Newmont Stock Performance
Shares of TSE NGT traded down C$0.86 during mid-day trading on Friday, hitting C$67.33. The company had a trading volume of 628,268 shares, compared to its average volume of 207,188. Newmont has a 12 month low of C$39.96 and a 12 month high of C$81.16. The firm has a market cap of C$77.43 billion, a P/E ratio of -17.50, a PEG ratio of 1.43 and a beta of 0.51. The business's 50-day simple moving average is C$72.70 and its 200-day simple moving average is C$63.93. The company has a debt-to-equity ratio of 31.20, a current ratio of 2.11 and a quick ratio of 1.77.
Newmont (TSE:NGT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported C$1.11 EPS for the quarter, topping analysts' consensus estimates of C$1.07 by C$0.04. The company 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%. As a group, analysts predict that Newmont will post 5.509887 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have issued reports on NGT. Scotiabank raised shares of Newmont from a "hold" rating to a "strong-buy" rating in a report on Monday, August 19th. Cibc World Mkts raised shares of Newmont from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 10th. Finally, Argus upgraded shares of Newmont from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a hold rating and five have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Strong Buy" and an average price target of C$68.00.
View Our Latest Report on NGT
Newmont Company Profile
(
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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.
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