Jefferies Financial Group Comments on Newmont Co.’s FY2022 Earnings (TSE:NGT)

Newmont Co. (TSE:NGTGet Rating) – Jefferies Financial Group cut their FY2022 EPS estimates for Newmont in a research report issued on Monday, April 18th. Jefferies Financial Group analyst C. Lafemina now anticipates that the company will earn $5.39 per share for the year, down from their previous estimate of $5.60. Jefferies Financial Group also issued estimates for Newmont’s FY2023 earnings at $4.53 EPS.

Separately, National Bankshares cut shares of Newmont from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$107.00 to C$119.00 in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Newmont currently has a consensus rating of “Hold” and an average price target of C$83.96.

Shares of NGT stock opened at C$103.21 on Thursday. The company has a quick ratio of 2.04, a current ratio of 2.90 and a debt-to-equity ratio of 28.83. Newmont has a 52 week low of C$66.25 and a 52 week high of C$108.98. The stock has a market capitalization of C$81.80 billion and a PE ratio of 56.12. The firm has a 50 day moving average of C$95.17 and a two-hundred day moving average of C$81.04.

Newmont (TSE:NGTGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported C$0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.96 by C$0.02. The business had revenue of C$4.27 billion during the quarter, compared to analysts’ expectations of C$4.22 billion.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 10th were given a dividend of $0.699 per share. The ex-dividend date was Wednesday, March 9th. This represents a $2.80 annualized dividend and a dividend yield of 2.71%. Newmont’s dividend payout ratio (DPR) is currently 150.08%.

Newmont Company Profile (Get Rating)

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, and Ghana. As of December 31, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers.

Further Reading

Earnings History and Estimates for Newmont (TSE:NGT)

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