Newmont (TSE:NGT) Price Target Cut to C$69.00 by Analysts at National Bankshares

Newmont (TSE:NGT) had its price objective reduced by National Bankshares from C$71.00 to C$69.00 in a report issued on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, National Bank Financial reiterated an outperform overweight rating on shares of Newmont in a research note on Monday, April 8th.

Newmont Stock Up 1.2 %

Shares of NGT opened at C$53.69 on Friday. The firm has a market cap of C$61.74 billion, a P/E ratio of -13.06, a price-to-earnings-growth ratio of 0.78 and a beta of 0.54. Newmont has a 12-month low of C$39.96 and a 12-month high of C$68.15. The company’s 50-day moving average price is C$47.27 and its 200 day moving average price is C$49.95. The company has a current ratio of 1.25, a quick ratio of 1.77 and a debt-to-equity ratio of 32.67.

Newmont (TSE:NGT) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.70 by C($0.02). The company had revenue of C$5.39 billion during the quarter, compared to analysts’ expectations of C$4.37 billion. Newmont had a negative net margin of 21.11% and a negative return on equity of 10.23%. On average, sell-side analysts forecast that Newmont will post 3.4813847 earnings per share for the current year.

Newmont Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 5th were given a dividend of $0.336 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Monday, March 4th. Newmont’s dividend payout ratio is presently -33.09%.

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.