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

Newmont Co. (TSE:NGT) declared a quarterly dividend on Wednesday, October 23rd,Zacks Dividends 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 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, November 27th.

Newmont Price Performance

NGT stock opened at C$59.26 on Tuesday. The stock has a 50-day moving average price of C$69.07 and a two-hundred day moving average price of C$65.09. The company has a market cap of C$68.15 billion, a PE ratio of -15.64, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company has a current ratio of 2.11, a quick ratio of 1.77 and a debt-to-equity ratio of 31.20. Newmont has a 12-month low of C$39.96 and a 12-month high of C$81.16.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group downgraded Newmont from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Argus upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. Cibc World Mkts downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, Scotiabank cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Newmont presently has a consensus rating of “Moderate 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.