Newmont Co. (TSE:NGT) Receives C$68.00 Average Price Target from Analysts

Newmont Co. (TSE:NGT) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$56.50.

Several research firms have recently weighed in on NGT. Scotiabank downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Citigroup cut their target price on shares of Newmont from C$66.00 to C$45.00 and set a “buy” rating on the stock in a research note on Monday. UBS Group cut Newmont from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. CLSA raised Newmont to a “hold” rating in a research report on Friday, November 29th. Finally, Argus upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 29th.

Newmont Stock Up 0.1 %

NGT stock opened at C$54.92 on Monday. The firm’s 50-day moving average is C$62.83 and its two-hundred day moving average is C$65.04. The company has a market capitalization of C$63.16 billion, a price-to-earnings ratio of -14.49, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. Newmont has a 52 week low of C$39.96 and a 52 week high of C$81.16. The company has a current ratio of 2.11, a quick ratio of 1.77 and a debt-to-equity ratio of 31.20.

Newmont (TSE:NGT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported C$1.11 EPS for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.04. The company had revenue of C$6.28 billion for the quarter, compared to the consensus estimate of C$5.79 billion. Newmont had a negative return on equity of 8.09% and a negative net margin of 13.29%. On average, analysts forecast 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. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.338 per share. 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%.

Newmont Company Profile

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.