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

Newmont Co. (TSE:NGT) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Wednesday, November 27th will be paid 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 of this dividend is Wednesday, November 27th.

Newmont Stock Down 14.7 %

Shares of NGT stock opened at C$68.19 on Friday. 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 has a one year low of C$39.96 and a one year high of C$81.16. The company’s fifty day moving average price is C$72.68 and its 200-day moving average price is C$63.90. The company has a market capitalization of C$78.42 billion, a price-to-earnings ratio of -17.99, a PEG ratio of 1.43 and a beta of 0.51.

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

Analyst Ratings Changes

Several analysts recently issued reports on NGT shares. Argus raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. Scotiabank upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 19th. Finally, Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and five have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus 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.