Newmont Co. (TSE:NGT – Get Free Report) hit a new 52-week high on Friday . The company traded as high as C$60.54 and last traded at C$60.23, with a volume of 15081 shares changing hands. The stock had previously closed at C$59.23.
Analyst Upgrades and Downgrades
NGT has been the subject of a number of research analyst reports. National Bank Financial downgraded shares of Newmont from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Tuesday, April 30th. BNP Paribas raised shares of Newmont to a “strong-buy” rating in a report on Friday, June 21st. UBS Group upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Monday, June 17th. Finally, National Bankshares boosted their price objective on Newmont from C$67.00 to C$68.00 and gave the stock a “sector perform” rating in a report on Monday, June 10th. Two investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$59.00.
Check Out Our Latest Analysis on NGT
Newmont Stock Up 2.5 %
Newmont (TSE:NGT – Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported C$0.74 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.48 by C$0.26. The company had revenue of C$5.42 billion for the quarter, compared to the consensus estimate of C$4.59 billion. Newmont had a negative return on equity of 10.98% and a negative net margin of 20.33%. On average, equities analysts predict that Newmont Co. will post 4.5226562 earnings per share for the current year.
Newmont Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Tuesday, June 4th were issued 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 dividend yield of 2.23%. Newmont’s dividend payout ratio is currently -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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