Newmont Co. (TSE:NGT) Expected to Earn Q1 2024 Earnings of $0.52 Per Share

Newmont Co. (TSE:NGT) – Research analysts at National Bank Financial issued their Q1 2024 EPS estimates for shares of Newmont in a report issued on Thursday, April 18th. National Bank Financial analyst M. Parkin expects that the company will post earnings per share of $0.52 for the quarter. National Bank Financial currently has a “Outperform Overweight” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.48 per share. National Bank Financial also issued estimates for Newmont’s FY2024 earnings at $2.22 EPS and FY2025 earnings at $3.22 EPS.

Separately, National Bankshares cut their target price on shares of Newmont from C$71.00 to C$69.00 and set an “outperform” rating on the stock in a research note on Friday, April 19th.

Newmont Stock Up 0.4 %

Shares of TSE NGT opened at C$51.58 on Monday. The firm has a fifty day moving average of C$47.56 and a 200-day moving average of C$49.98. The company has a quick ratio of 1.77, a current ratio of 1.25 and a debt-to-equity ratio of 32.67. Newmont has a 52-week low of C$39.96 and a 52-week high of C$68.15. The stock has a market capitalization of C$59.32 billion, a PE ratio of -12.55, a P/E/G ratio of 0.78 and a beta of 0.54.

Newmont (TSE:NGT) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.70 by C($0.02). The company had revenue of C$5.39 billion for the quarter, compared to analyst estimates of C$4.37 billion. Newmont had a negative return on equity of 10.23% and a negative net margin of 21.11%.

Newmont Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.336 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Monday, March 4th. Newmont’s dividend payout ratio (DPR) is currently -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.