Newmont (NGT) Scheduled to Post Earnings on Thursday

Newmont (TSE:NGT - Get Free Report) will be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect Newmont to post earnings of C$0.52 per share for the quarter.

Newmont (TSE:NGT - Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported C$0.68 earnings per share for the quarter, missing the consensus estimate of C$0.70 by C($0.02). The firm had revenue of C$5.39 billion during the quarter, compared to analyst estimates of C$4.37 billion. Newmont had a negative net margin of 21.11% and a negative return on equity of 10.23%.

Newmont Price Performance

Newmont stock traded down C$0.02 during trading hours on Thursday, hitting C$53.06. The stock had a trading volume of 135,831 shares, compared to its average volume of 245,094. The company has a debt-to-equity ratio of 32.67, a current ratio of 1.25 and a quick ratio of 1.77. The stock has a market capitalization of C$61.02 billion, a price-to-earnings ratio of -12.90, a PEG ratio of 0.78 and a beta of 0.54. Newmont has a 1-year low of C$39.96 and a 1-year high of C$68.15. The stock's fifty day moving average is C$46.91 and its two-hundred day moving average is C$49.89.

Newmont Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 5th were issued a $0.336 dividend. This represents a $1.34 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Monday, March 4th. Newmont's dividend payout ratio (DPR) is -33.09%.

Analysts Set New Price Targets

NGT has been the topic of a number of analyst reports. National Bankshares decreased their price objective on 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. National Bank Financial reaffirmed an "outperform overweight" rating on shares of Newmont in a research note on Monday, April 8th.

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.