Q1 2022 Earnings Forecast for Newmont Co. (TSE:NGT) Issued By Edison Inv. Res

Newmont Co. (TSE:NGTGet Rating) – Equities researchers at Edison Inv. Res issued their Q1 2022 earnings per share (EPS) estimates for shares of Newmont in a research report issued to clients and investors on Thursday, April 21st. Edison Inv. Res analyst C. Gibson forecasts that the company will post earnings per share of $0.72 for the quarter. Edison Inv. Res also issued estimates for Newmont’s Q3 2022 earnings at $1.09 EPS and Q4 2022 earnings at $1.13 EPS.

Separately, National Bankshares downgraded shares of Newmont from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$107.00 to C$119.00 in a research report on Wednesday, April 20th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$83.96.

Shares of NGT stock opened at C$94.80 on Monday. The company has a debt-to-equity ratio of 28.83, a quick ratio of 2.04 and a current ratio of 2.90. Newmont has a fifty-two week low of C$66.25 and a fifty-two week high of C$108.98. The stock has a market capitalization of C$75.13 billion and a P/E ratio of 51.55. The company has a 50 day moving average price of C$95.75 and a 200 day moving average price of C$81.43.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd will be issued a $0.688 dividend. The ex-dividend date of this dividend is Wednesday, June 1st. This represents a $2.75 dividend on an annualized basis and a yield of 2.90%. Newmont’s dividend payout ratio (DPR) is 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.

Further Reading

Earnings History and Estimates for Newmont (TSE:NGT)

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