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

Newmont Co. (TSE:NGT) announced a quarterly dividend on Wednesday, October 23rd,Zacks Dividends reports. Investors 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 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Wednesday, November 27th.

Newmont Stock Up 0.2 %

Shares of TSE:NGT opened at C$60.60 on Monday. The business has a 50-day moving average price of C$69.34 and a 200 day moving average price of C$65.08. 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. The company has a market capitalization of C$69.69 billion, a price-to-earnings ratio of -15.99, a PEG ratio of 1.43 and a beta of 0.51.

Newmont (TSE:NGT) last released its earnings results on Wednesday, October 23rd. The company reported C$1.11 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of C$5.79 billion. Sell-side analysts expect that Newmont will post 5.509887 EPS for the current year.

Analyst Upgrades and Downgrades

NGT has been the subject of a number of recent research reports. Argus upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. Scotiabank lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Cibc World Mkts cut Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, UBS Group downgraded Newmont from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Newmont has an average 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.