Newmont Co. (TSE:NGT – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$73.43 and last traded at C$73.32, with a volume of 67661 shares traded. The stock had previously closed at C$71.90.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. Scotiabank upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 19th. BNP Paribas raised shares of Newmont to a “strong-buy” rating in a research report on Friday, June 21st. UBS Group raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 17th. Cibc World Mkts raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Finally, Argus upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. One equities research analyst has rated the stock with a hold rating and five have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and an average price target of C$68.00.
Check Out Our Latest Stock Report on Newmont
Newmont Stock Performance
Newmont (TSE:NGT – Get Free Report) last issued its earnings results on Wednesday, July 24th. The company reported C$0.99 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.72 by C$0.27. Newmont had a negative net margin of 13.29% and a negative return on equity of 8.09%. The business had revenue of C$6.02 billion for the quarter, compared to the consensus estimate of C$4.79 billion. On average, analysts predict that Newmont Co. will post 6.8487562 earnings per share for the current year.
Newmont Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 5th will be paid a $0.342 dividend. This represents a $1.37 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, September 5th. This is a boost from Newmont’s previous quarterly dividend of $0.34. Newmont’s dividend payout ratio is -36.29%.
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.
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