Newmont Co. (TSE:NGT) to Issue Quarterly Dividend of $0.34

Newmont Co. (TSE:NGT) announced a quarterly dividend on Wednesday, July 24th, Zacks reports. Shareholders of record on Thursday, September 5th will be paid a dividend of 0.342 per share on Monday, September 30th. This represents a $1.37 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Thursday, September 5th. This is a positive change from Newmont’s previous quarterly dividend of $0.34.

Newmont Price Performance

TSE NGT opened at C$63.22 on Friday. The company has a debt-to-equity ratio of 32.56, a current ratio of 2.15 and a quick ratio of 1.77. The firm has a market capitalization of C$72.70 billion, a price-to-earnings ratio of -14.14, a price-to-earnings-growth ratio of 0.78 and a beta of 0.49. The company has a 50 day simple moving average of C$59.31 and a 200-day simple moving average of C$52.72. Newmont has a 52-week low of C$39.96 and a 52-week high of C$66.91.

Newmont (TSE:NGT) last released its quarterly earnings data on Thursday, April 25th. The company reported C$0.74 earnings per share for the quarter, beating the consensus estimate of C$0.48 by C$0.26. The firm had revenue of C$5.42 billion for the quarter, compared to analyst estimates of C$4.59 billion. Newmont had a negative net margin of 20.33% and a negative return on equity of 10.98%. Equities research analysts predict that Newmont will post 4.5226562 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NGT shares. Cibc World Mkts upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. UBS Group raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 17th. BNP Paribas raised Newmont to a “strong-buy” rating in a research note on Friday, June 21st. National Bankshares raised their price objective on shares of Newmont from C$67.00 to C$68.00 and gave the company a “sector perform” rating in a research report on Monday, June 10th. Finally, National Bank Financial cut shares of Newmont from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a hold rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and a consensus target price 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.