Newmont Co. (TSE:NGT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Newmont Co. (TSE:NGT) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$68.00.

NGT has been the topic of several research reports. Cibc World Mkts cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Argus upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. UBS Group cut Newmont from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Scotiabank downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th.

Newmont Stock Down 0.8 %

TSE:NGT opened at C$58.88 on Thursday. Newmont has a 1 year low of C$39.96 and a 1 year high of C$81.16. The stock has a 50-day moving average price of C$68.54 and a two-hundred day moving average price of C$65.10. The stock has a market cap of C$67.71 billion, a price-to-earnings ratio of -15.54, a PEG ratio of 1.43 and a beta of 0.51. 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 (TSE:NGT) last posted its earnings results on Wednesday, October 23rd. The company reported C$1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.04. Newmont had a negative return on equity of 8.09% and a negative net margin of 13.29%. The business had revenue of C$6.28 billion during the quarter, compared to analysts’ expectations of C$5.79 billion. As a group, equities analysts expect that Newmont will post 5.509887 earnings per share for the current year.

Newmont Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, November 27th will be issued a dividend of $0.338 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.35 annualized dividend and a yield of 2.30%. Newmont’s payout ratio is presently -35.62%.

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.