Newmont Co. (TSE:NGT – Free Report) – Equities researchers at Raymond James boosted their Q1 2024 EPS estimates for shares of Newmont in a research report issued to clients and investors on Tuesday, April 16th. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.48 per share for the quarter, up from their prior estimate of $0.46. The consensus estimate for Newmont’s current full-year earnings is $3.48 per share. Raymond James also issued estimates for Newmont’s Q3 2024 earnings at $0.68 EPS and FY2024 earnings at $2.36 EPS.
Newmont (TSE:NGT – Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.68 earnings per share (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 net margin of 21.11% and a negative return on equity of 10.23%.
View Our Latest Analysis on Newmont
Newmont Stock Performance
Shares of NGT opened at C$53.06 on Friday. The company has a 50-day simple moving average of C$47.08 and a 200-day simple moving average of C$49.91. The company has a quick ratio of 1.77, a current ratio of 1.25 and a debt-to-equity ratio of 32.67. The company has a market capitalization of C$61.02 billion, a PE ratio of -12.91, a P/E/G ratio of 0.78 and a beta of 0.54. Newmont has a 52-week low of C$39.96 and a 52-week high of C$68.15.
Newmont Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 5th were paid a $0.336 dividend. The ex-dividend date was Monday, March 4th. This represents a $1.34 dividend on an annualized basis and a yield of 2.53%. Newmont’s payout ratio is -33.09%.
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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