Newmont Co. (TSE:NGT – Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as C$66.68 and last traded at C$66.51, with a volume of 5990 shares trading hands. The stock had previously closed at C$66.10.
Analyst Upgrades and Downgrades
NGT has been the subject of a number of research reports. UBS Group upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 17th. National Bank Financial lowered shares of Newmont from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Tuesday, April 30th. National Bankshares raised their price objective 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. BNP Paribas upgraded shares of Newmont to a “strong-buy” rating in a research report on Friday, June 21st. Finally, Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$59.00.
Get Our Latest Stock Report on NGT
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, topping analysts’ consensus estimates of C$0.48 by C$0.26. The company had revenue of C$5.42 billion for the quarter, compared to analysts’ expectations of C$4.59 billion. Newmont had a negative net margin of 20.33% and a negative return on equity of 10.98%. On average, analysts forecast that Newmont Co. will post 4.5226562 EPS for the current fiscal year.
Newmont Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Tuesday, June 4th were issued a $0.338 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $1.35 annualized dividend and a yield of 2.04%. This is an increase from Newmont’s previous quarterly dividend of $0.34. Newmont’s dividend payout ratio is currently -30.65%.
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.
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