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

Newmont Co. (TSE:NGT) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders 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 yield of 1.98%. The ex-dividend date is Wednesday, November 27th.

Newmont Trading Down 14.7 %

NGT opened at C$68.19 on Friday. The stock has a market cap of C$78.42 billion, a PE ratio of -17.99, a PEG ratio of 1.43 and a beta of 0.51. The business has a 50 day moving average of C$72.68 and a 200-day moving average of C$63.90. Newmont has a 52 week low of C$39.96 and a 52 week high of C$81.16. The company has a quick ratio of 1.77, a current ratio of 2.11 and a debt-to-equity ratio of 31.20.

Newmont (TSE:NGT) last issued its quarterly earnings results on Wednesday, July 24th. The company reported C$0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.27. The company had revenue of C$6.02 billion during the quarter, compared to analysts’ expectations of C$4.79 billion. Newmont had a negative net margin of 13.29% and a negative return on equity of 8.09%. Equities research analysts predict that Newmont will post 5.509887 earnings per share for the current fiscal year.

Analyst Ratings Changes

NGT has been the topic of several recent research reports. Cibc World Mkts upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Scotiabank raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Monday, August 19th. Finally, Argus upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a hold rating and five have given a strong buy rating to the company. Based on data from MarketBeat, Newmont has an average rating of “Strong Buy” and a consensus target price of C$68.00.

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.