Newmont Co. (TSE:NGT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Newmont Co. (TSE:NGT) have been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$56.50.

NGT has been the topic of a number of recent analyst reports. CLSA raised Newmont to a “hold” rating in a report on Friday, November 29th. Scotiabank downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. UBS Group cut Newmont from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Cibc World Mkts cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, Citigroup decreased their target price on shares of Newmont from C$66.00 to C$45.00 and set a “buy” rating for the company in a research report on Monday, December 23rd.

Newmont Price Performance

Shares of NGT opened at C$54.55 on Monday. 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 company has a market cap of C$62.73 billion, a P/E ratio of -14.39, a PEG ratio of 1.43 and a beta of 0.51. Newmont has a 12 month low of C$39.96 and a 12 month high of C$81.16. The stock has a fifty day moving average price of C$61.54 and a 200 day moving average price of C$64.94.

Newmont (TSE:NGT) last released its quarterly earnings results on Wednesday, October 23rd. The company reported C$1.11 EPS for the quarter, topping the consensus estimate of C$1.07 by C$0.04. The business had revenue of C$6.28 billion during the quarter, compared to analyst estimates of C$5.79 billion. Newmont had a negative net margin of 13.29% and a negative return on equity of 8.09%. On average, research analysts forecast that Newmont will post 5.509887 earnings per share for the current year.

Newmont Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th were issued a $0.338 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.35 annualized dividend and a dividend yield of 2.48%. Newmont’s dividend payout ratio (DPR) is -35.62%.

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.