Newmont Corporation (NYSE:NEM) Shares Will Pay Quarterly Dividend of $0.26

Key Points

• Newmont declared a quarterly dividend of $0.26 per share, payable December 21 to shareholders of record November 25. The dividend equals $1.04 annually and yields approximately 0.9%.
• Newmont reported quarterly earnings of $2.20 per share, exceeding the $1.94 analyst consensus, while revenue rose 15.2% year over year to $6.36 billion.
• The dividend appears well covered, with a 23% payout ratio, although Freedom Broker downgraded the stock to “hold” and lowered its price target to $116 amid concerns that its strong share-price gains may already reflect future growth.

Newmont Corporation (NYSE:NEM - Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Wednesday, November 25th will be paid a dividend of $0.26 per share by the basic materials company on Monday, December 21st. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, November 25th.

Newmont has a payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Newmont to earn $9.88 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 10.5%.

Newmont Price Performance

NEM stock opened at $113.63 on Friday. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15. The firm has a market cap of $119.73 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 2.17 and a beta of 0.51. The company's fifty day simple moving average is $122.05 and its 200 day simple moving average is $111.00. Newmont has a 12-month low of $76.05 and a 12-month high of $135.29.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.26. Newmont had a return on equity of 29.10% and a net margin of 33.36%. The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same period last year, the business posted $1.71 EPS. The business's revenue was up 15.2% compared to the same quarter last year. On average, analysts expect that Newmont will post 9.04 earnings per share for the current year.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont earned $2.20 per share, exceeding the $1.94 consensus estimate, while revenue rose 15.2% year over year to $6.36 billion and also topped expectations. Higher gold prices, increased sales and improved performance at the Cadia mine supported the results. Newmont beats quarterly profit estimates on higher gold prices
• Positive Sentiment: The company generated $1.9 billion in third-quarter free cash flow and reduced its full-year gold all-in sustaining cost guidance to $1,520 per ounce, indicating stronger operating leverage and profitability. Newmont: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Management said Newmont remains on track to meet its 2026 production guidance and expects a return to growth in 2027, supporting the longer-term outlook. RBC raised its price target to $155 and maintained an “outperform” rating. RBC Dominion Securities rating
• Neutral Sentiment: Newmont declared a quarterly dividend of $0.26 per share, equal to $1.04 annually and a yield of approximately 0.9%. The payout provides shareholder income but is unlikely to be a major short-term catalyst. Newmont quarterly earnings report
• Negative Sentiment: Freedom Broker downgraded Newmont to “hold” and cut its price target to $116 from $130. Other coverage questioned whether the stock’s roughly 223% three-year advance fully reflects future cash-flow growth, increasing sensitivity to any disappointment. Freedom Broker downgrades Newmont

About Newmont

Newmont Corporation NYSE: NEM is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world's largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.

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