Newmont Co. (TSE:NGT) Declares Quarterly Dividend of $0.34

Newmont Co. (TSE:NGT) declared a quarterly dividend on Wednesday, July 24th, Zacks reports. Stockholders of record on Thursday, September 5th will be paid a dividend of 0.342 per share on Monday, September 30th. This represents a $1.37 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Thursday, September 5th. This is a positive change from Newmont’s previous quarterly dividend of $0.34.

Newmont Trading Down 4.0 %

Shares of Newmont stock opened at C$63.22 on Friday. The business has a fifty day simple moving average of C$59.31 and a 200-day simple moving average of C$52.72. The firm has a market cap of C$72.70 billion, a price-to-earnings ratio of -14.14, a price-to-earnings-growth ratio of 0.78 and a beta of 0.49. Newmont has a fifty-two week low of C$39.96 and a fifty-two week high of C$66.91. The company has a quick ratio of 1.77, a current ratio of 2.15 and a debt-to-equity ratio of 32.56.

Newmont (TSE:NGT) last issued its quarterly earnings results on Thursday, April 25th. The company reported C$0.74 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.48 by C$0.26. The company had revenue of C$5.42 billion during the quarter, compared to the consensus estimate of C$4.59 billion. Newmont had a negative net margin of 20.33% and a negative return on equity of 10.98%. On average, equities analysts forecast that Newmont will post 4.5226562 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. National Bankshares boosted their target price on Newmont from C$67.00 to C$68.00 and gave the stock a “sector perform” rating in a research report on Monday, June 10th. UBS Group upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 17th. National Bank Financial downgraded Newmont from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Tuesday, April 30th. Finally, BNP Paribas upgraded shares of Newmont to a “strong-buy” rating in a report on Friday, June 21st. One research analyst has rated the stock with a hold rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Strong Buy” and an average price target of C$68.00.

Newmont Company Profile

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.