Newmont (NGT) Set to Announce Earnings on Thursday

Newmont (TSE:NGT) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of C$0.52 per share for the quarter.

Newmont (TSE:NGT) last announced its earnings results on Thursday, February 22nd. The company reported C$0.68 earnings per share for the quarter, missing the consensus estimate of C$0.70 by C($0.02). Newmont had a negative net margin of 21.11% and a negative return on equity of 10.23%. The company had revenue of C$5.39 billion during the quarter, compared to analysts’ expectations of C$4.37 billion.

Newmont Price Performance

Newmont stock opened at C$51.38 on Tuesday. The company has a debt-to-equity ratio of 32.67, a current ratio of 1.25 and a quick ratio of 1.77. The business has a 50 day simple moving average of C$47.39 and a 200-day simple moving average of C$49.98. Newmont has a 12 month low of C$39.96 and a 12 month high of C$68.15. The stock has a market capitalization of C$59.09 billion, a PE ratio of -12.50, a price-to-earnings-growth ratio of 0.78 and a beta of 0.54.

Newmont Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 5th were paid a $0.336 dividend. The ex-dividend date was Monday, March 4th. This represents a $1.34 annualized dividend and a yield of 2.62%. Newmont’s dividend payout ratio is currently -33.09%.

Analyst Ratings Changes

NGT has been the topic of several analyst reports. National Bankshares lowered their target price on shares of Newmont from C$71.00 to C$69.00 and set an “outperform” rating on the stock in a report on Friday. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Newmont in a report on Monday, April 8th.

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.