Newmont Co. (TSE:NGT – Get Free Report)’s share price hit a new 52-week high during trading on Friday . The company traded as high as C$60.54 and last traded at C$60.23, with a volume of 15081 shares. The stock had previously closed at C$59.23.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. BNP Paribas raised Newmont to a “strong-buy” rating in a report on Friday, June 21st. UBS Group raised Newmont from a “hold” rating to a “strong-buy” rating in a report on Monday, June 17th. National Bankshares raised their price target on Newmont from C$67.00 to C$68.00 and gave the company a “sector perform” rating in a report on Monday, June 10th. Finally, National Bank Financial cut Newmont from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Tuesday, April 30th. Two analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$59.00.
Newmont Stock Up 2.5 %
Newmont (TSE:NGT – Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported C$0.74 earnings per share for the quarter, beating the consensus estimate of C$0.48 by C$0.26. Newmont had a negative net margin of 20.33% and a negative return on equity of 10.98%. The firm had revenue of C$5.42 billion during the quarter, compared to the consensus estimate of C$4.59 billion. As a group, research analysts expect that Newmont Co. will post 4.5226562 earnings per share for the current year.
Newmont Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Tuesday, June 4th were paid a $0.338 dividend. This is an increase from Newmont’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.35 dividend on an annualized basis and a yield of 2.23%. Newmont’s payout ratio is -30.65%.
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.
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