FY2022 EPS Estimates for Newmont Co. Increased by Jefferies Financial Group (TSE:NGT)

Newmont Co. (TSE:NGT – Get Rating) – Stock analysts at Jefferies Financial Group raised their FY2022 earnings per share (EPS) estimates for Newmont in a research note issued on Tuesday, January 17th. Jefferies Financial Group analyst C. Lafemina now anticipates that the company will earn $2.52 per share for the year, up from their previous forecast of $2.13. Jefferies Financial Group also issued estimates for Newmont’s Q4 2022 earnings at $0.63 EPS.

Newmont (TSE:NGT – Get Rating) last announced its quarterly earnings data on Tuesday, November 1st. The company reported C$0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.40 by C($0.05). The company had revenue of C$3.44 billion during the quarter, compared to the consensus estimate of C$3.87 billion.

Separately, National Bankshares upped their target price on Newmont from C$76.00 to C$86.00 and gave the stock an “outperform” rating in a report on Friday, January 13th.

Newmont Stock Up 1.0 %

Newmont stock opened at C$71.32 on Friday. The business has a fifty day moving average of C$65.17 and a two-hundred day moving average of C$61.62. The company has a quick ratio of 1.77, a current ratio of 2.72 and a debt-to-equity ratio of 28.63. The firm has a market cap of C$56.61 billion and a P/E ratio of 43.75. Newmont has a twelve month low of C$51.44 and a twelve month high of C$108.98.

Newmont Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Stockholders of record on Thursday, December 8th were issued a dividend of $0.761 per share. This represents a $3.04 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Wednesday, December 7th. This is a positive change from Newmont’s previous quarterly dividend of $0.71. Newmont’s dividend payout ratio is currently 134.97%.

Newmont Company Profile

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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.