Newmont Co. (TSE:NGT) Plans Quarterly Dividend of $0.34

Newmont Co. (TSE:NGT) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Tuesday, June 4th will be paid a dividend of 0.338 per share on Thursday, June 27th. This represents a $1.35 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Monday, June 3rd. This is a positive change from Newmont’s previous quarterly dividend of $0.34.

Newmont Price Performance

NGT opened at C$59.26 on Friday. Newmont has a 52-week low of C$39.96 and a 52-week high of C$68.15. The company has a 50 day moving average of C$48.04 and a two-hundred day moving average of C$50.06. The company has a quick ratio of 1.77, a current ratio of 1.25 and a debt-to-equity ratio of 32.67. The company has a market cap of C$68.15 billion, a P/E ratio of -14.42, a P/E/G ratio of 0.78 and a beta of 0.54.

Newmont (TSE:NGT) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.68 EPS for the quarter, missing the consensus estimate of C$0.70 by C($0.02). The company had revenue of C$5.39 billion for the quarter, compared to analyst estimates of C$4.37 billion. Newmont had a negative return on equity of 10.23% and a negative net margin of 21.11%. On average, analysts expect that Newmont will post 3.4813847 earnings per share for the current year.

Wall Street Analyst Weigh In

NGT has been the subject of a number of research analyst reports. National Bank Financial restated an “outperform overweight” rating on shares of Newmont in a research note on Monday, April 8th. National Bankshares dropped their price target on shares of Newmont from C$71.00 to C$69.00 and set an “outperform” rating on the stock in a research report on Friday, April 19th.

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.