Newmont Co. (TSE:NGT – Get Rating) – Stock analysts at Raymond James lowered their Q4 2022 earnings estimates for Newmont in a research report issued on Thursday, September 15th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.94 per share for the quarter, down from their prior forecast of $1.00.
Other equities research analysts have also recently issued reports about the stock. National Bankshares upgraded shares of Newmont from a “sector perform” rating to an “outperform” rating and cut their price objective for the company from C$90.00 to C$79.00 in a research note on Wednesday, July 27th. National Bank Financial upgraded shares of Newmont from a “sector perform overweight” rating to an “outperform overweight” rating in a research note on Tuesday, July 26th.
Newmont Stock Performance
Newmont Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, September 8th will be paid a dividend of $0.708 per share. This is a boost from Newmont’s previous quarterly dividend of $0.69. This represents a $2.83 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Wednesday, September 7th. Newmont’s payout ratio is currently 174.60%.
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, and Ghana. As of December 31, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers.
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