Newmont (TSE:NGT – Free Report) had its price objective decreased by National Bankshares from C$71.00 to C$69.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.
Separately, National Bank Financial restated an outperform overweight rating on shares of Newmont in a research note on Monday, April 8th.
Get Our Latest Stock Analysis on NGT
Newmont Stock Performance
Newmont (TSE:NGT – Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.68 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.70 by C($0.02). Newmont had a negative net margin of 21.11% and a negative return on equity of 10.23%. The business had revenue of C$5.39 billion for the quarter, compared to analyst estimates of C$4.37 billion. On average, sell-side analysts forecast that Newmont will post 3.4813847 earnings per share for the current fiscal year.
Newmont Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 5th were given a $0.336 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $1.34 annualized dividend 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.
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