Newmont Co. (NYSE:NEM – Get Free Report) saw some unusual options trading activity on Thursday. Stock investors purchased 58,700 call options on the company. This is an increase of 17% compared to the typical volume of 50,342 call options.
Wall Street Analysts Forecast Growth
NEM has been the topic of several research analyst reports. Scotiabank decreased their price target on Newmont from $50.00 to $43.50 and set a “sector perform” rating on the stock in a research note on Wednesday, February 28th. Citigroup decreased their target price on Newmont from $60.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, April 4th. TD Securities dropped their price target on Newmont from $40.00 to $36.00 and set a “hold” rating for the company in a research report on Friday, February 23rd. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Newmont in a research note on Monday, April 8th. Finally, BMO Capital Markets lowered their price objective on shares of Newmont from $57.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Newmont presently has an average rating of “Hold” and a consensus price target of $50.89.
Read Our Latest Stock Analysis on Newmont
Institutional Inflows and Outflows
Newmont Stock Performance
Shares of NYSE NEM opened at $43.41 on Friday. Newmont has a 1 year low of $29.42 and a 1 year high of $50.18. The firm’s 50 day moving average price is $35.35 and its 200 day moving average price is $36.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.25.
Newmont (NYSE:NEM – Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.23. Newmont had a negative net margin of 20.95% and a positive return on equity of 6.21%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the prior year, the company posted $0.40 EPS. The company’s quarterly revenue was up 50.2% compared to the same quarter last year. Equities analysts forecast that Newmont will post 1.99 EPS for the current fiscal year.
Newmont Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders 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 dividend yield of 2.30%. Newmont’s dividend payout ratio is presently -42.02%.
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.
Recommended Stories
- Five stocks we like better than Newmont
- Insider Trading – What You Need to Know
- Hasbro’s Management Made All the Right Calls This Quarter
- Stock Market Upgrades: What Are They?
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Power Surge: Utilities Sector’s Resilience Shines
Receive News & Ratings for Newmont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont and related companies with MarketBeat.com's FREE daily email newsletter.