Newmont (TSE:NGT – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Newmont to post earnings of C$1.02 per share for the quarter.
Newmont (TSE:NGT – Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The company reported C$0.99 earnings per share for the quarter, beating the consensus estimate of C$0.72 by C$0.27. The business had revenue of C$6.02 billion for the quarter, compared to analyst estimates of C$4.79 billion. Newmont had a negative return on equity of 8.09% and a negative net margin of 13.29%.
Newmont Stock Up 2.0 %
NGT opened at C$79.54 on Monday. Newmont has a 1 year low of C$39.96 and a 1 year high of C$80.03. The firm has a 50 day moving average price of C$71.90 and a 200 day moving average price of C$63.39. The company has a debt-to-equity ratio of 31.20, a quick ratio of 1.77 and a current ratio of 2.11. The company has a market cap of C$91.47 billion, a PE ratio of -20.99, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.
Newmont Increases Dividend
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Cibc World Mkts raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Argus raised Newmont from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 29th. Finally, Scotiabank upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and five have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Strong Buy” and a consensus target price of C$68.00.
Read Our Latest Analysis on NGT
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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