Newmont (NGT) Scheduled to Post Quarterly Earnings on Wednesday

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

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

Newmont Trading Up 0.2 %

Shares of TSE:NGT opened at C$79.70 on Tuesday. The stock has a market capitalization of C$91.66 billion, a PE ratio of -21.03, a P/E/G ratio of 1.43 and a beta of 0.51. Newmont has a 1 year low of C$39.96 and a 1 year high of C$81.11. The firm has a fifty day moving average price of C$72.15 and a 200 day moving average price of C$63.59. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.342 per share. This represents a $1.37 dividend on an annualized basis and a yield of 1.72%. This is a boost from Newmont’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, September 5th. Newmont’s dividend payout ratio is -35.62%.

Analysts Set New Price Targets

NGT has been the subject of a number of recent analyst reports. Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Scotiabank upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Monday, August 19th. Finally, Argus upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a hold rating and five have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently 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.