Newmont (TSE:NGT – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported C$1.11 earnings per share for the quarter, beating the consensus estimate of C$1.07 by C$0.04, reports. The firm had revenue of C$6.28 billion for the quarter, compared to analyst estimates of C$5.79 billion. Newmont had a negative return on equity of 8.09% and a negative net margin of 13.29%.
Newmont Price Performance
Shares of TSE:NGT opened at C$67.33 on Friday. The business has a 50 day moving average price of C$72.67 and a 200 day moving average price of C$64.02. Newmont has a twelve month low of C$39.96 and a twelve month high of C$81.16. The company has a market cap of C$77.43 billion, a price-to-earnings ratio of -17.77, a PEG ratio of 1.43 and a beta of 0.51. The company has a quick ratio of 1.77, a current ratio of 2.11 and a debt-to-equity ratio of 31.20.
Newmont Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, November 27th will be paid a dividend of $0.338 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.35 annualized dividend and a yield of 2.01%. Newmont’s payout ratio is -35.62%.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on NGT
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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