Newmont (TSE:NGT) Shares Up 7.5%

Newmont Co. (TSE:NGT)’s stock price traded up 7.5% during trading on Thursday . The company traded as high as C$56.93 and last traded at C$56.84. 327,401 shares were traded during trading, an increase of 35% from the average session volume of 243,055 shares. The stock had previously closed at C$52.87.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Newmont in a research report on Monday, April 8th. National Bankshares reduced their price objective 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, April 19th.

Newmont Trading Up 13.1 %

The business’s 50 day moving average price is C$47.74 and its two-hundred day moving average price is C$50.00. The company has a current ratio of 1.25, a quick ratio of 1.77 and a debt-to-equity ratio of 32.67. The company has a market capitalization of C$68.79 billion, a price-to-earnings ratio of -13.83, a P/E/G ratio of 0.78 and a beta of 0.54.

Newmont (TSE:NGT) last posted its 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 return on equity of 10.23% and a negative net margin of 21.11%. The business had revenue of C$5.39 billion for the quarter, compared to analyst estimates of C$4.37 billion. On average, equities analysts predict that Newmont Co. will post 3.4813847 earnings per share for the current fiscal year.

Newmont Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 5th were given a dividend of $0.336 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $1.34 annualized dividend and a yield of 2.25%. Newmont’s dividend payout ratio is presently -33.09%.

About Newmont

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.