Newmont Co. (TSE:NGT) – Stock analysts at Raymond James decreased their Q1 2021 earnings per share (EPS) estimates for shares of Newmont in a note issued to investors on Monday, April 5th. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.95 per share for the quarter, down from their previous forecast of $1.14. Raymond James also issued estimates for Newmont’s Q2 2022 earnings at $0.91 EPS and FY2022 earnings at $3.78 EPS.

Separately, TD Securities upped their target price on shares of Newmont to C$110.00 and gave the company a “buy” rating in a research note on Thursday, December 10th.

NGT opened at C$78.19 on Wednesday. The firm’s 50 day moving average is C$74.16 and its 200-day moving average is C$78.35. Newmont has a 52-week low of C$68.76 and a 52-week high of C$96.45. The company has a quick ratio of 1.86, a current ratio of 2.52 and a debt-to-equity ratio of 28.52. The firm has a market capitalization of C$62.64 billion and a P/E ratio of 22.26.

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

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

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, 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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