Newmont Co. (TSE:NGT) Given Consensus Rating of “Buy” by Brokerages

Newmont Co. (TSE:NGTGet Free Report) has been assigned an average rating of “Buy” from the four research firms that are currently covering the firm, reports. Two research analysts have rated the stock with a hold recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$59.00.

Several equities analysts have issued reports on the stock. UBS Group upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 17th. National Bankshares upped their target price on shares of Newmont from C$67.00 to C$68.00 and gave the company a “sector perform” rating in a research note on Monday, June 10th. Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. BNP Paribas upgraded shares of Newmont to a “strong-buy” rating in a research note on Friday, June 21st. 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.

View Our Latest Research Report on NGT

Newmont Stock Up 3.4 %

TSE:NGT opened at C$61.88 on Thursday. The company has a market capitalization of C$71.16 billion, a PE ratio of -13.84, a P/E/G ratio of 0.78 and a beta of 0.49. The firm’s 50-day moving average price is C$57.66 and its 200-day moving average price is C$51.93. Newmont has a 1-year low of C$39.96 and a 1-year high of C$62.35. The company has a debt-to-equity ratio of 32.56, a current ratio of 2.15 and a quick ratio of 1.77.

Newmont (TSE:NGTGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.48 by C$0.26. The company had revenue of C$5.42 billion for the quarter, compared to analysts’ expectations of C$4.59 billion. Newmont had a negative net margin of 20.33% and a negative return on equity of 10.98%. On average, equities analysts predict that Newmont will post 4.5226562 EPS for the current fiscal year.

Newmont Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Tuesday, June 4th were given a dividend of $0.338 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.35 annualized dividend and a dividend yield of 2.18%. This is a positive change from Newmont’s previous quarterly dividend of $0.34. Newmont’s dividend payout ratio is presently -30.65%.

Newmont Company Profile

(Get Free Report

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.

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