Newmont Co. (TSE:NGT – Get Rating) – Research analysts at Raymond James decreased their Q4 2022 earnings per share (EPS) estimates for shares of Newmont in a report issued on Thursday, September 15th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.94 per share for the quarter, down from their previous estimate of $1.00.
Several other equities research analysts have also recently commented on NGT. National Bank Financial raised Newmont from a “sector perform overweight” rating to an “outperform overweight” rating in a research note on Tuesday, July 26th. National Bankshares upgraded Newmont from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from C$90.00 to C$79.00 in a report on Wednesday, July 27th.
Newmont Trading Up 3.5 %
Newmont Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, September 8th will be issued a $0.708 dividend. This is a positive change from Newmont’s previous quarterly dividend of $0.69. This represents a $2.83 annualized dividend and a yield of 4.88%. The ex-dividend date is Wednesday, September 7th. Newmont’s payout ratio is 174.60%.
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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