Newmont (NGT) to Release Earnings on Thursday

Newmont (TSE:NGT) will be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of C$0.52 per share for the quarter.

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). Newmont had a negative net margin of 21.11% and a negative return on equity of 10.23%. The firm had revenue of C$5.39 billion for the quarter, compared to analyst estimates of C$4.37 billion.

Newmont Stock Down 4.3 %

NGT opened at C$51.38 on Tuesday. The company has a fifty day moving average of C$47.39 and a two-hundred day moving average of C$49.98. The company has a debt-to-equity ratio of 32.67, a quick ratio of 1.77 and a current ratio of 1.25. Newmont has a fifty-two week low of C$39.96 and a fifty-two week high of C$68.15. The stock has a market capitalization of C$59.09 billion, a price-to-earnings ratio of -12.50, a PEG ratio of 0.78 and a beta of 0.54.

Newmont Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 5th were paid a $0.336 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $1.34 annualized dividend and a dividend yield of 2.62%. Newmont’s dividend payout ratio is presently -33.09%.

Analyst Ratings Changes

NGT has been the topic of several research analyst reports. National Bank Financial reissued an “outperform overweight” rating on shares of Newmont in a report 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 note on Friday.

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.