Newmont (NGT) to Release Earnings on Thursday

Posted by on Jul 13th, 2023

Newmont (TSE:NGT – Get Free Report) is scheduled to be releasing its earnings data before the market opens on Thursday, July 20th. Analysts expect Newmont to post earnings of C$0.66 per share for the quarter.

Newmont (TSE:NGT – Get Free Report) last released its quarterly earnings results on Thursday, April 27th. The company reported C$0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.46 by C$0.09. Newmont had a negative net margin of 4.55% and a negative return on equity of 2.43%. The company had revenue of C$3.62 billion during the quarter, compared to analysts’ expectations of C$4.16 billion.

Newmont Stock Up 3.8 %

NGT stock opened at C$59.57 on Thursday. The company has a debt-to-equity ratio of 31.28, a current ratio of 2.38 and a quick ratio of 1.77. Newmont has a 52-week low of C$51.44 and a 52-week high of C$77.05. The company has a 50-day moving average of C$57.81 and a two-hundred day moving average of C$62.92. The stock has a market capitalization of C$47.34 billion, a price-to-earnings ratio of -64.05, a price-to-earnings-growth ratio of 2.23 and a beta of 0.36.

Newmont Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a dividend of $0.541 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.63%. This is a boost from Newmont’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Wednesday, May 31st. Newmont’s dividend payout ratio is -229.03%.

Wall Street Analysts Forecast Growth

Separately, National Bankshares upped their price target on shares of Newmont from C$91.00 to C$94.00 and gave the company an “outperform” rating in a report on Tuesday, May 2nd.

About Newmont

(Get Free Report)

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, 2022, it had proven and probable gold reserves of 96.1 million ounces and land position of 61,500 square kilometers.

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Earnings History for Newmont (TSE:NGT)

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