Newmont Co. (TSE:NGT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Newmont Co. (TSE:NGT) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$68.00.

Several equities analysts have recently issued reports on NGT shares. UBS Group downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Scotiabank downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Cibc World Mkts downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, Argus upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th.

Newmont Stock Down 0.2 %

TSE:NGT opened at C$63.15 on Friday. Newmont has a 1-year low of C$39.96 and a 1-year high of C$81.16. The company has a 50-day moving average of C$72.16 and a 200 day moving average of C$64.51. The firm has a market cap of C$72.62 billion, a PE ratio of -16.66, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 31.20, a current ratio of 2.11 and a quick ratio of 1.77.

Newmont (TSE:NGT) last announced its earnings results on Wednesday, October 23rd. The company reported C$1.11 EPS for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.04. The business had revenue of C$6.28 billion during the quarter, compared to the consensus estimate of C$5.79 billion. Newmont had a negative net margin of 13.29% and a negative return on equity of 8.09%. As a group, research analysts anticipate that Newmont will post 5.509887 EPS for the current fiscal year.

Newmont Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th will be paid a $0.338 dividend. This represents a $1.35 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Wednesday, November 27th. Newmont’s dividend payout ratio (DPR) 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.