Newmont Co. (TSE:NGT – Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$75.17 and last traded at C$75.04, with a volume of 28312 shares traded. The stock had previously closed at C$73.81.
Analyst Ratings Changes
Several research firms have commented on NGT. National Bankshares lifted their price objective 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 raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Scotiabank upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 19th. BNP Paribas raised Newmont to a “strong-buy” rating in a research report on Friday, June 21st. Finally, Argus upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a hold rating and five have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus price target of C$68.00.
Newmont Price Performance
Newmont (TSE:NGT – Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The company reported C$0.99 EPS for the quarter, beating 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%. Sell-side analysts forecast that Newmont Co. will post 7.0902978 EPS for the current fiscal year.
Newmont Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 5th will be given a $0.342 dividend. This represents a $1.37 annualized dividend and a dividend yield of 1.84%. This is an increase from Newmont’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, September 5th. Newmont’s dividend payout ratio is presently -36.10%.
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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