FY2022 EPS Estimates for Newmont Co. Boosted by Analyst (TSE:NGT)

Newmont Co. (TSE:NGTGet Rating) – Equities research analysts at National Bank Financial raised their FY2022 earnings per share (EPS) estimates for shares of Newmont in a report released on Tuesday, April 19th. National Bank Financial analyst M. Parkin now expects that the company will post earnings of $4.12 per share for the year, up from their previous forecast of $3.65.

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

NGT stock opened at C$97.24 on Friday. 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 twelve month low of C$66.25 and a twelve month high of C$108.98. The stock has a market capitalization of C$77.07 billion and a price-to-earnings ratio of 52.88. The firm’s fifty day simple moving average is C$95.49 and its two-hundred day simple moving average is C$81.24.

Newmont (TSE:NGTGet Rating) last released its quarterly earnings data on Thursday, February 24th. The company reported C$0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.96 by C$0.02. The company had revenue of C$4.27 billion for the quarter, compared to the consensus estimate of C$4.22 billion.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th were issued a dividend of $0.699 per share. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $2.80 annualized dividend and a yield of 2.88%. Newmont’s dividend payout ratio (DPR) is currently 119.63%.

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.

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Earnings History and Estimates for Newmont (TSE:NGT)

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