NEWMONT GOLD-TS (TSE:NGT) Stock Rating Upgraded by B. Riley

B. Riley upgraded shares of NEWMONT GOLD-TS (TSE:NGT) from a neutral rating to a buy rating in a report published on Monday, Stock Target Advisor reports.

Separately, National Bank Financial reduced their target price on shares of NEWMONT GOLD-TS from C$64.00 to C$61.00 and set an outperform rating for the company in a report on Monday, November 18th.

TSE:NGT opened at C$56.71 on Monday. NEWMONT GOLD-TS has a twelve month low of C$40.01 and a twelve month high of C$57.37. The company has a debt-to-equity ratio of 33.65, a quick ratio of 1.39 and a current ratio of 2.18. The firm’s 50-day simple moving average is C$54.24. The company has a market cap of $45.76 billion and a price-to-earnings ratio of 16.81.

NEWMONT GOLD-TS (TSE:NGT) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.53 by C($0.05). The firm had revenue of C$3.58 billion for the quarter, compared to the consensus estimate of C$4.07 billion.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were given a $0.185 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.74 annualized dividend and a yield of 1.30%. NEWMONT GOLD-TS’s dividend payout ratio (DPR) is 8.30%.

NEWMONT GOLD-TS Company Profile

Newmont Goldcorp Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname. As of December 31, 2018, the company had proven and probable gold reserves of 65.4 million ounces and an aggregate land position of approximately 24,000 square miles.

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