Shares of Newmont Co. (TSE:NGT – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$56.50.
Several analysts have commented on NGT shares. Citigroup dropped their target price on shares of Newmont from C$66.00 to C$45.00 and set a “buy” rating for the company in a research report on Monday. UBS Group lowered Newmont from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Argus raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. Cibc World Mkts downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, CLSA upgraded shares of Newmont to a “hold” rating in a report on Friday, November 29th.
View Our Latest Analysis on NGT
Newmont Price Performance
Newmont (TSE:NGT – Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported C$1.11 EPS for the quarter, beating analysts’ consensus estimates of C$1.07 by C$0.04. Newmont had a negative return on equity of 8.09% and a negative net margin of 13.29%. The firm had revenue of C$6.28 billion for the quarter, compared to analyst estimates of C$5.79 billion. Sell-side analysts anticipate that Newmont will post 5.509887 earnings per share for the current fiscal year.
Newmont Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, November 27th were given a $0.338 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.35 annualized dividend and a yield of 2.46%. Newmont’s dividend payout ratio is currently -35.62%.
About Newmont
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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