Newmont (TSE:NGT) Downgraded to Sector Perform at National Bankshares

National Bankshares downgraded shares of Newmont (TSE:NGT) from an outperform rating to a sector perform rating in a research report sent to investors on Wednesday morning, BayStreet.CA reports. National Bankshares currently has C$68.00 target price on the stock, down from their prior target price of C$69.00.

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

Newmont Trading Down 0.2 %

Shares of Newmont stock opened at C$55.88 on Wednesday. Newmont has a 1 year low of C$39.96 and a 1 year high of C$68.15. The firm has a market cap of C$64.26 billion, a PE ratio of -13.60, a P/E/G ratio of 0.78 and a beta of 0.54. The stock has a fifty day moving average price of C$49.00 and a 200-day moving average price of C$50.16. The company has a debt-to-equity ratio of 32.67, a current ratio of 1.25 and a quick ratio of 1.77.

Newmont (TSE:NGT) last announced its earnings results 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). 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 analysts’ expectations of C$4.37 billion. Equities research analysts anticipate that Newmont will post 3.4813847 EPS for the current year.

Newmont Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Tuesday, June 4th will be paid a dividend of $0.338 per share. This is an increase from Newmont’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $1.35 annualized dividend and a dividend yield of 2.42%. Newmont’s dividend payout ratio is presently -33.09%.

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, Papua New Guinea, Ecuador, Fiji, and Ghana.