Newmont Co. (TSE:NGT) Declares Dividend Increase – $0.34 Per Share

Newmont Co. (TSE:NGT) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Tuesday, June 4th will be paid 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 of this dividend is Monday, June 3rd. This is a positive change from Newmont’s previous quarterly dividend of $0.34.

Newmont Trading Up 12.1 %

Shares of NGT stock opened at C$59.26 on Friday. The stock has a market capitalization of C$68.15 billion, a P/E 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 firm’s 50 day moving average is C$48.04 and its 200 day moving average is C$50.06. The company has a current ratio of 1.25, a quick ratio of 1.77 and a debt-to-equity ratio of 32.67.

Newmont (TSE:NGT) last announced its quarterly earnings data on Thursday, February 22nd. The company reported C$0.68 EPS for the quarter, missing the consensus estimate of C$0.70 by C($0.02). The firm had revenue of C$5.39 billion for the quarter, compared to the consensus estimate of C$4.37 billion. Newmont had a negative net margin of 21.11% and a negative return on equity of 10.23%. Research analysts expect that Newmont will post 3.4813847 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. National Bankshares decreased their price objective 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. National Bank Financial reiterated an “outperform overweight” rating on shares of Newmont in a report on Monday, April 8th.

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.