National Bank Financial Reiterates "Outperform Overweight" Rating for Newmont (TSE:NGT)

National Bank Financial reiterated their outperform overweight rating on shares of Newmont (TSE:NGT - Free Report) in a research note released on Monday morning, Zacks.com reports.

Separately, National Bankshares dropped their price target on shares of Newmont from C$65.00 to C$64.00 and set an outperform rating on the stock in a research report on Tuesday, February 6th.

Newmont Price Performance

NGT stock traded down C$0.21 during trading on Monday, hitting C$53.30. The company had a trading volume of 521,843 shares, compared to its average volume of 247,648. The firm has a market capitalization of C$61.30 billion, a price-to-earnings ratio of -13.10, a P/E/G ratio of 0.78 and a beta of 0.54. The business has a 50 day moving average of C$46.45 and a 200 day moving average of C$49.85. Newmont has a fifty-two week low of C$39.96 and a fifty-two week high of C$68.78. 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 (TSE:NGT - Get Free Report) last posted its quarterly earnings data 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). Newmont had a negative return on equity of 10.23% and a negative net margin of 21.11%. The company had revenue of C$5.39 billion during the quarter, compared to analyst estimates of C$4.37 billion. As a group, research analysts predict that Newmont will post 3.628533 earnings per share for the current year.

Newmont Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.336 per share. This represents a $1.34 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Monday, March 4th. Newmont's dividend payout ratio is presently -33.42%.

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.