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

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

Newmont Stock Performance

Shares of NGT stock opened at C$59.26 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 2.11 and a debt-to-equity ratio of 31.20. The business has a 50 day moving average of C$69.07 and a two-hundred day moving average of C$65.09. The company has a market cap of C$68.15 billion, a P/E ratio of -15.64, a PEG ratio of 1.43 and a beta of 0.51. Newmont has a 52 week low of C$39.96 and a 52 week high of C$81.16.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. UBS Group lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Argus upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 29th. Scotiabank lowered Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Cibc World Mkts lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate 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.