Newmont (TSE:NGT) Given New C$69.00 Price Target at National Bankshares

Newmont (TSE:NGT) had its price target reduced by National Bankshares from C$71.00 to C$69.00 in a research report sent to investors on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, National Bank Financial reissued an outperform overweight rating on shares of Newmont in a research report on Monday, April 8th.

Newmont Stock Up 1.2 %

NGT stock opened at C$53.69 on Friday. The stock’s fifty day simple moving average is C$47.27 and its two-hundred day simple moving average is C$49.97. 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 has a 1-year low of C$39.96 and a 1-year high of C$68.15. The stock has a market cap of C$61.74 billion, a P/E ratio of -13.06, a P/E/G ratio of 0.78 and a beta of 0.54.

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

Newmont Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 5th were paid a dividend of $0.336 per share. The ex-dividend date was Monday, March 4th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.50%. 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.