National Bankshares downgraded shares of Newmont (TSE:NGT – Free Report) from an outperform rating to a sector perform rating in a research report sent to investors on Wednesday morning, BayStreet.CA reports. National Bankshares currently has C$68.00 target price on the stock, down from their prior target price of C$69.00.
Separately, National Bank Financial reaffirmed an outperform overweight rating on shares of Newmont in a research report on Monday, April 8th.
Newmont Trading Down 0.2 %
Newmont (TSE:NGT – Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported C$0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.70 by C($0.02). Newmont had a negative net margin of 21.11% and a negative return on equity of 10.23%. The business had revenue of C$5.39 billion for the quarter, compared to analysts’ expectations of C$4.37 billion. Equities research analysts anticipate that Newmont will post 3.4813847 EPS for the current year.
Newmont Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Tuesday, June 4th will be paid a dividend of $0.338 per share. This is an increase from Newmont’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $1.35 annualized dividend and a dividend yield of 2.42%. Newmont’s dividend payout ratio is presently -33.09%.
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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