National Bankshares Raises Newmont (TSE:NGT) Price Target to C$68.00

Newmont (TSE:NGT) had its price objective upped by National Bankshares from C$67.00 to C$68.00 in a report published on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Separately, National Bank Financial lowered shares of Newmont from an outperform overweight rating to a sector perform overweight rating in a research note on Tuesday, April 30th.

Newmont Price Performance

NGT stock opened at C$56.80 on Monday. The stock’s 50 day moving average is C$55.84 and its two-hundred day moving average is C$51.35. Newmont has a 52-week low of C$39.96 and a 52-week high of C$60.50. The company has a market capitalization of C$65.32 billion, a PE ratio of -12.71, a P/E/G ratio of 0.78 and a beta of 0.49. The company has a quick ratio of 1.77, a current ratio of 2.15 and a debt-to-equity ratio of 32.56.

Newmont (TSE:NGT) last issued its quarterly earnings results on Thursday, April 25th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.48 by C$0.26. The business had revenue of C$5.42 billion during the quarter, compared to analyst estimates of C$4.59 billion. Newmont had a negative net margin of 20.33% and a negative return on equity of 10.98%. Analysts predict that Newmont will post 4.5226562 earnings per share for the current fiscal year.

Newmont Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Tuesday, June 4th will be given a dividend of $0.338 per share. This is a positive change from Newmont’s previous quarterly dividend of $0.34. This represents a $1.35 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Tuesday, June 4th. Newmont’s dividend payout ratio is currently -30.65%.

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.