Newmont Co. (TSE:NGT) – Equities researchers at Raymond James lowered their Q2 2021 earnings per share (EPS) estimates for shares of Newmont in a research note issued on Monday, April 5th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.91 for the quarter, down from their previous forecast of $1.19. Raymond James also issued estimates for Newmont’s Q3 2021 earnings at $1.08 EPS, Q4 2021 earnings at $1.17 EPS, FY2021 earnings at $4.10 EPS, Q1 2022 earnings at $0.88 EPS, Q3 2022 earnings at $0.98 EPS and Q4 2022 earnings at $1.01 EPS.

Newmont (TSE:NGT) last posted its earnings results on Thursday, February 18th. The company reported C$1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$1.21 by C$0.17. The business had revenue of C$4.41 billion during the quarter, compared to the consensus estimate of C$4.67 billion.

Separately, TD Securities increased their target price on Newmont to C$110.00 and gave the stock a “buy” rating in a report on Thursday, December 10th.

TSE NGT opened at C$78.19 on Thursday. Newmont has a 1-year low of C$68.76 and a 1-year high of C$96.45. The company has a market capitalization of C$62.64 billion and a price-to-earnings ratio of 22.26. The stock’s 50 day moving average is C$74.16 and its two-hundred day moving average is C$78.35. The company has a current ratio of 2.52, a quick ratio of 1.86 and a debt-to-equity ratio of 28.52.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 18th. Stockholders of record on Thursday, March 4th were issued a $0.703 dividend. This is a positive change from Newmont’s previous quarterly dividend of $0.53. The ex-dividend date was Wednesday, March 3rd. This represents a $2.81 annualized dividend and a dividend yield of 3.60%. Newmont’s dividend payout ratio is presently 29.61%.

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, and Ghana. As of December 31, 2020, it had proven and probable gold reserves of 94.2 million ounces and land position of 58,900 square kilometers.

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Earnings History and Estimates for Newmont (TSE:NGT)

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