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, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado.
Newmont Stock Performance
Shares of NGT opened at C$58.47 on Thursday. The company has a market capitalization of C$46.41 billion and a PE ratio of 48.73. Newmont has a one year low of C$56.54 and a one year high of C$108.98. The company has a debt-to-equity ratio of 28.58, a current ratio of 2.82 and a quick ratio of 1.93. The company's fifty day moving average price is C$74.07 and its 200 day moving average price is C$85.00.
Newmont Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Thursday, September 8th will be given a $0.708 dividend. This represents a $2.83 annualized dividend and a yield of 4.84%. This is a positive change from Newmont's previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Wednesday, September 7th. Newmont's dividend payout ratio (DPR) is currently 183.33%.
Analysts Set New Price Targets
Several brokerages recently commented on NGT. National Bank Financial upgraded shares of Newmont from a "sector perform overweight" rating to an "outperform overweight" rating in a report on Tuesday, July 26th. National Bankshares upgraded shares of Newmont from a "sector perform" rating to an "outperform" rating and dropped their target price for the stock from C$90.00 to C$79.00 in a report on Wednesday, July 27th.