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

Newmont Co. (TSE:NGT) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders 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 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Wednesday, November 27th.

Newmont Stock Performance

TSE NGT opened at C$68.19 on Friday. Newmont has a 52-week low of C$39.96 and a 52-week high of C$81.16. The company has a fifty day moving average of C$72.68 and a 200-day moving average of C$63.90. The company has a market capitalization of C$78.42 billion, a P/E ratio of -17.99, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 31.20, a quick ratio of 1.77 and a current ratio of 2.11.

Newmont (TSE:NGT) last issued its quarterly earnings results on Wednesday, July 24th. The company reported C$0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.72 by C$0.27. The firm had revenue of C$6.02 billion during the quarter, compared to analyst estimates of C$4.79 billion. Newmont had a negative return on equity of 8.09% and a negative net margin of 13.29%. As a group, equities research analysts predict that Newmont will post 5.509887 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NGT shares. Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Argus upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 29th. Finally, Scotiabank raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 19th. One research analyst has rated the stock with a hold rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, Newmont 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.