Newmont Co. (NGT) to Issue Quarterly Dividend of $0.34 on September 30th

Newmont Co. (TSE:NGT) declared a quarterly dividend on Wednesday, July 24th, Zacks reports. Shareholders of record on Thursday, September 5th will be given a dividend of 0.342 per share on Monday, September 30th. This represents a $1.37 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, September 5th. This is a positive change from Newmont’s previous quarterly dividend of $0.34.

Newmont Stock Performance

TSE:NGT opened at C$71.94 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 2.11 and a debt-to-equity ratio of 31.20. The company has a fifty day simple moving average of C$65.23 and a two-hundred day simple moving average of C$56.84. The company has a market cap of C$82.73 billion, a price-to-earnings ratio of -19.39, a price-to-earnings-growth ratio of 1.24 and a beta of 0.49. Newmont has a 52 week low of C$39.96 and a 52 week high of C$72.65.

Newmont (TSE:NGT) last issued its earnings results on Wednesday, July 24th. The company reported C$0.99 EPS for the quarter, topping analysts’ consensus estimates of C$0.72 by C$0.27. The firm had revenue of C$6.02 billion during the quarter, compared to the consensus estimate of C$4.79 billion. Newmont had a negative net margin of 13.29% and a negative return on equity of 8.09%. As a group, equities analysts anticipate that Newmont will post 5.5945513 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. National Bankshares boosted their target price on shares of Newmont from C$67.00 to C$68.00 and gave the stock a “sector perform” rating in a research note on Monday, June 10th. Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Argus upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. UBS Group raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 17th. Finally, Scotiabank raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 19th. One analyst has rated the stock with a hold rating and five have assigned a strong buy rating to the stock. According to MarketBeat, Newmont has an average rating of “Strong Buy” and a consensus price target 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.