Newmont (NGT) Set to Announce Earnings on Wednesday

Newmont (TSE:NGT) is scheduled to release its earnings data after the market closes on Wednesday, October 23rd. Analysts expect Newmont to post earnings of C$1.02 per share for the quarter.

Newmont (TSE:NGT) last issued its earnings results on Wednesday, July 24th. The company reported C$0.99 EPS for the quarter, topping the consensus estimate of C$0.72 by C$0.27. The business had revenue of C$6.02 billion during the quarter, compared to analysts’ expectations of C$4.79 billion. Newmont had a negative return on equity of 8.09% and a negative net margin of 13.29%.

Newmont Stock Up 2.7 %

TSE:NGT opened at C$76.73 on Wednesday. The business’s fifty day moving average price is C$71.10 and its 200 day moving average price is C$62.79. The firm has a market capitalization of C$88.24 billion, a price-to-earnings ratio of -20.63, a PEG ratio of 1.24 and a beta of 0.51. The company has a current ratio of 2.11, a quick ratio of 1.77 and a debt-to-equity ratio of 31.20. Newmont has a 1-year low of C$39.96 and a 1-year high of C$76.93.

Newmont Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.342 per share. This represents a $1.37 annualized dividend and a yield of 1.78%. The ex-dividend date was Thursday, September 5th. This is a boost from Newmont’s previous quarterly dividend of $0.34. Newmont’s payout ratio is -36.29%.

Wall Street Analyst Weigh In

NGT has been the subject of several research reports. Argus upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. BNP Paribas upgraded shares of Newmont to a “strong-buy” rating in a report on Friday, June 21st. Finally, Scotiabank upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and five have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Strong Buy” and an average 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.