Newmont (NYSE:NEM – Get Free Report) will be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Newmont (NYSE:NEM – Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.44 billion. Newmont had a negative net margin of 20.95% and a positive return on equity of 6.21%. The business’s revenue was up 23.7% on a year-over-year basis. During the same period last year, the company posted $0.44 earnings per share. On average, analysts expect Newmont to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Newmont Stock Down 3.9 %
Shares of NYSE:NEM opened at $37.48 on Tuesday. The company has a 50-day moving average price of $34.90 and a 200-day moving average price of $36.86. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.25. Newmont has a 12 month low of $29.42 and a 12 month high of $50.18.
Newmont Cuts Dividend
Wall Street Analyst Weigh In
NEM has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on shares of Newmont in a research note on Thursday, February 29th. They issued a “buy” rating and a $38.00 price target for the company. TD Securities decreased their price target on shares of Newmont from $40.00 to $36.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Argus downgraded shares of Newmont from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Citigroup decreased their price target on shares of Newmont from $60.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, April 4th. Finally, StockNews.com downgraded shares of Newmont from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $50.89.
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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