Newmont Co. (TSE:NGT) Raises Dividend to $0.34 Per Share

Newmont Co. (TSE:NGT) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Tuesday, June 4th will be given a dividend of 0.338 per share on Thursday, June 27th. This represents a $1.35 annualized dividend and a yield of 2.28%. The ex-dividend date is Monday, June 3rd. This is an increase from Newmont’s previous quarterly dividend of $0.34.

Newmont Stock Up 12.1 %

Shares of TSE NGT opened at C$59.26 on Friday. The stock has a market capitalization of C$68.15 billion, a price-to-earnings ratio of -14.42, a P/E/G ratio of 0.78 and a beta of 0.54. Newmont has a 12-month low of C$39.96 and a 12-month high of C$68.15. The company has a current ratio of 1.25, a quick ratio of 1.77 and a debt-to-equity ratio of 32.67. The firm’s 50-day moving average price is C$48.04 and its 200-day moving average price is C$50.06.

Newmont (TSE:NGT) last announced its earnings results on Thursday, February 22nd. The company reported C$0.68 EPS for the quarter, missing analysts’ consensus estimates of C$0.70 by C($0.02). The company had revenue of C$5.39 billion during the quarter, compared to analysts’ expectations of C$4.37 billion. Newmont had a negative return on equity of 10.23% and a negative net margin of 21.11%. On average, equities research analysts anticipate that Newmont will post 3.4813847 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on NGT. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Newmont in a research note on Monday, April 8th. National Bankshares reduced their target price on shares of Newmont from C$71.00 to C$69.00 and set an “outperform” rating on the stock in a research report on Friday, April 19th.

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.