Newmont Co. (TSE:NGT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Newmont Co. (TSE:NGT) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$56.50.

A number of equities research analysts recently issued reports on NGT shares. CLSA upgraded Newmont to a “hold” rating in a research note on Friday, November 29th. UBS Group lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Citigroup cut their price objective on shares of Newmont from C$66.00 to C$45.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Scotiabank cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group raised Newmont to a “strong-buy” rating in a report on Monday.

Newmont Stock Up 1.0 %

Shares of TSE:NGT opened at C$59.91 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 market capitalization of C$68.90 billion, a PE ratio of -15.81, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The business has a fifty day moving average price of C$57.53 and a two-hundred day moving average price of C$64.87. 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 posted its quarterly earnings data 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. 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%. Analysts forecast that Newmont will post 5.509887 earnings per share for the current year.

Newmont Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, November 27th were paid a dividend of $0.338 per share. This represents a $1.35 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, November 27th. Newmont’s dividend payout ratio is -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.