Newmont Co. (TSE:NGT - Free Report) - Stock analysts at Raymond James dropped their Q1 2024 earnings estimates for shares of Newmont in a note issued to investors on Thursday, March 7th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.46 for the quarter, down from their previous forecast of $0.55. The consensus estimate for Newmont's current full-year earnings is $3.39 per share. Raymond James also issued estimates for Newmont's Q2 2024 earnings at $0.50 EPS, Q3 2024 earnings at $0.66 EPS and FY2024 earnings at $2.33 EPS.
A number of other equities analysts have also recently commented on NGT. National Bank Financial reaffirmed an "outperform overweight" rating on shares of Newmont in a report on Wednesday, January 3rd. National Bankshares dropped their price objective on shares of Newmont from C$65.00 to C$64.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 6th.
Read Our Latest Stock Analysis on Newmont
Newmont Price Performance
Shares of TSE NGT opened at C$45.80 on Monday. The stock has a market cap of C$52.67 billion, a P/E ratio of -11.25, a P/E/G ratio of 0.78 and a beta of 0.53. Newmont has a twelve month low of C$39.96 and a twelve month high of C$70.88. The stock has a 50 day moving average of C$46.67 and a two-hundred day moving average of C$50.62. The company has a current ratio of 1.25, a quick ratio of 1.77 and a debt-to-equity ratio of 32.67.
Newmont Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Tuesday, March 5th will be issued a $0.336 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Monday, March 4th. Newmont's payout ratio is currently -33.17%.
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, 2022, it had proven and probable gold reserves of 96.1 million ounces and land position of 61,500 square kilometers.
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