Newmont (TSE:NGT – Get Free Report) 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 – Get Free Report) 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
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.
Check Out Our Latest Report on Newmont
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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