Newmont (NYSE:NEM – Get Free Report) issued its earnings results on Thursday. The basic materials company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.20, Briefing.com reports. Newmont had a positive return on equity of 6.21% and a negative net margin of 20.95%. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the prior year, the business earned $0.40 EPS. The business’s revenue for the quarter was up 50.2% compared to the same quarter last year.
Newmont Trading Up 12.5 %
Shares of NYSE:NEM opened at $43.41 on Friday. The business’s 50 day moving average price is $35.35 and its 200-day moving average price is $36.92. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. Newmont has a 1 year low of $29.42 and a 1 year high of $50.18.
Newmont Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.30%. Newmont’s dividend payout ratio is currently -42.02%.
Wall Street Analyst Weigh In
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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.
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