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

Newmont Co. (TSE:NGT) announced a quarterly dividend on Wednesday, October 23rd, Zacks 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 1.98%. The ex-dividend date is Wednesday, November 27th.

Newmont Price Performance

Shares of TSE:NGT opened at C$68.19 on Friday. The business has a 50-day simple moving average of C$72.68 and a two-hundred day simple moving average of C$63.90. The company has a debt-to-equity ratio of 31.20, a quick ratio of 1.77 and a current ratio of 2.11. The firm has a market cap of C$78.42 billion, a price-to-earnings ratio of -17.99, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. Newmont has a fifty-two week low of C$39.96 and a fifty-two week high of C$81.16.

Newmont (TSE:NGT) last issued its quarterly earnings data on Wednesday, July 24th. The company reported C$0.99 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.27. Newmont had a negative net margin of 13.29% and a negative return on equity of 8.09%. The company had revenue of C$6.02 billion for the quarter, compared to the consensus estimate of C$4.79 billion. On average, analysts expect that Newmont will post 5.509887 earnings per share for the current year.

Analyst Upgrades and Downgrades

NGT has been the topic of a number of research reports. Cibc World Mkts upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Scotiabank raised Newmont from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 19th. Finally, Argus raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 29th. One analyst has rated the stock with a hold rating and five have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy” and a consensus target price 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.