Newmont (NEM) to Release Earnings on Thursday

Newmont (NYSE:NEM) will release its earnings data before the market opens on Thursday, April 25th. Analysts expect Newmont to post earnings of $0.32 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Newmont (NYSE:NEM) last released its earnings results 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). Newmont had a positive return on equity of 6.21% and a negative net margin of 20.95%. The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, analysts expect Newmont to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Newmont Trading Up 0.7 %

NEM opened at $37.71 on Wednesday. Newmont has a 12 month low of $29.42 and a 12 month high of $50.18. The stock has a market capitalization of $43.47 billion, a price-to-earnings ratio of -15.84, a PEG ratio of 1.05 and a beta of 0.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.25 and a quick ratio of 0.98. The business has a fifty day moving average price of $35.01 and a 200 day moving average price of $36.86.

Newmont Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 5th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $1.00 annualized dividend and a yield of 2.65%. Newmont’s payout ratio is -42.02%.

Analyst Ratings Changes

A number of analysts have issued reports on NEM shares. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Newmont in a report on Monday, April 8th. Citigroup decreased their price target on Newmont from $60.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, April 4th. Scotiabank decreased their price target on Newmont from $50.00 to $43.50 and set a “sector perform” rating for the company in a report on Wednesday, February 28th. Royal Bank of Canada decreased their price target on Newmont from $45.00 to $40.00 and set a “sector perform” rating for the company in a report on Thursday, February 8th. Finally, BMO Capital Markets decreased their price target on Newmont from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $50.89.

About Newmont

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.