Cibc World Mkts upgraded shares of Newmont (TSE:NGT – Free Report) from a hold rating to a strong-buy rating in a report released on Wednesday morning, Zacks.com reports.
NGT has been the topic of several other research reports. National Bank Financial lowered shares of Newmont from an outperform overweight rating to a sector perform overweight rating in a report on Tuesday, April 30th. BNP Paribas raised shares of Newmont to a strong-buy rating in a report on Friday, June 21st. UBS Group raised shares of Newmont from a hold rating to a strong-buy rating in a report on Monday, June 17th. Finally, National Bankshares raised their price target on shares of Newmont from C$67.00 to C$68.00 and gave the stock a sector perform rating in a report on Monday, June 10th. Two research analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Buy and an average target price of C$59.00.
View Our Latest Analysis on Newmont
Newmont Price Performance
Newmont (TSE:NGT – Get Free Report) last released its earnings results on Thursday, April 25th. The company reported C$0.74 EPS for the quarter, beating the consensus estimate of C$0.48 by C$0.26. Newmont had a negative net margin of 20.33% and a negative return on equity of 10.98%. The company had revenue of C$5.42 billion for the quarter, compared to analyst estimates of C$4.59 billion. Research analysts predict that Newmont will post 4.5226562 earnings per share for the current year.
Newmont Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Tuesday, June 4th were issued a $0.338 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Tuesday, June 4th. This is a positive change from Newmont’s previous quarterly dividend of $0.34. Newmont’s dividend payout ratio (DPR) is -30.65%.
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.
Further Reading
- Five stocks we like better than Newmont
- Energy and Oil Stocks Explained
- Top 3 Beverage Stocks: Summer Earnings Reveal Key Trends
- Where to Find Earnings Call Transcripts
- This Financial Stock’s Earnings Signal a Buying Opportunity
- 3 REITs to Buy and Hold for the Long Term
- Social Platform Stock Hits New Highs: Is More Growth Ahead?
Receive News & Ratings for Newmont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont and related companies with MarketBeat.com's FREE daily email newsletter.