Newmont (TSE:NGT - Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of C$1.02 per share for the quarter.
Newmont (TSE:NGT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The company reported C$0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.72 by C$0.27. Newmont had a negative return on equity of 8.09% and a negative net margin of 13.29%. The firm had revenue of C$6.02 billion during the quarter, compared to the consensus estimate of C$4.79 billion.
Newmont Trading Up 2.7 %
TSE:NGT opened at C$76.73 on Wednesday. The stock's 50-day moving average is C$71.10 and its two-hundred day moving average is C$62.79. The company has a debt-to-equity ratio of 31.20, a current ratio of 2.11 and a quick ratio of 1.77. The stock has a market cap of C$88.24 billion, a PE ratio of -20.63, a price-to-earnings-growth ratio of 1.24 and a beta of 0.51. Newmont has a fifty-two week low of C$39.96 and a fifty-two week high of C$76.93.
Newmont Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 5th were paid a $0.342 dividend. This represents a $1.37 annualized dividend and a yield of 1.78%. The ex-dividend date was Thursday, September 5th. This is a positive change from Newmont's previous quarterly dividend of $0.34. Newmont's dividend payout ratio is currently -36.29%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. Scotiabank upgraded shares of Newmont from a "hold" rating to a "strong-buy" rating in a report on Monday, August 19th. BNP Paribas upgraded Newmont to a "strong-buy" rating in a research note on Friday, June 21st. Argus raised Newmont from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 29th. Finally, Cibc World Mkts raised Newmont from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a hold rating and five have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Newmont has an average rating of "Strong Buy" and a consensus target price of C$68.00.
Check Out Our Latest Stock Analysis on Newmont
About Newmont
(
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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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