Newmont (NGT) Scheduled to Post Quarterly Earnings on Wednesday

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

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

Newmont Trading Up 2.7 %

TSE:NGT opened at C$76.73 on Wednesday. The company has a market capitalization of C$88.24 billion, a PE ratio of -20.63, a price-to-earnings-growth ratio of 1.24 and a beta of 0.51. Newmont has a 52-week low of C$39.96 and a 52-week high of C$76.93. The stock has a fifty day simple moving average of C$71.10 and a 200-day simple moving average of C$62.79. The company has a quick ratio of 1.77, a current ratio of 2.11 and a debt-to-equity ratio of 31.20.

Newmont Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 5th were issued a $0.342 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This is an increase from Newmont’s previous quarterly dividend of $0.34. This represents a $1.37 annualized dividend and a yield of 1.78%. Newmont’s payout ratio is -36.29%.

Analysts Set New Price Targets

A number of analysts have recently commented on NGT shares. BNP Paribas upgraded Newmont to a “strong-buy” rating in a report on Friday, June 21st. Cibc World Mkts upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Scotiabank upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 19th. Finally, Argus upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. One investment analyst has rated the stock with a hold rating and five have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus 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.