Cibc World Mkts lowered shares of Newmont (TSE:NGT – Free Report) from a strong-buy rating to a hold rating in a research note published on Monday, Zacks.com reports.
NGT has been the topic of a number of other research reports. Scotiabank lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Argus upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$68.00.
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Newmont Stock Performance
Newmont (TSE:NGT – Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported C$1.11 EPS for the quarter, topping the consensus estimate of C$1.07 by C$0.04. Newmont had a negative net margin of 13.29% and a negative return on equity of 8.09%. The firm had revenue of C$6.28 billion during the quarter, compared to analysts’ expectations of C$5.79 billion. As a group, analysts anticipate that Newmont will post 5.509887 EPS for the current year.
Newmont Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.338 per share. This represents a $1.35 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, November 27th. Newmont’s dividend payout ratio (DPR) is currently -35.62%.
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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