NEWMONT GOLD-TS (TSE:NGT) – Research analysts at Raymond James raised their Q1 2020 earnings estimates for shares of NEWMONT GOLD-TS in a research note issued on Monday, March 23rd. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.64 for the quarter, up from their prior forecast of $0.63. Raymond James also issued estimates for NEWMONT GOLD-TS’s Q3 2020 earnings at $0.78 EPS and Q4 2020 earnings at $0.78 EPS.
A number of other equities analysts also recently commented on NGT. B. Riley upgraded shares of NEWMONT GOLD-TS from a “neutral” rating to a “buy” rating in a research note on Monday, January 13th. National Bank Financial lowered their target price on shares of NEWMONT GOLD-TS from C$75.00 to C$74.00 and set an “outperform” rating for the company in a research note on Wednesday.
Shares of NGT stock opened at C$67.38 on Thursday. The company has a current ratio of 2.63, a quick ratio of 1.20 and a debt-to-equity ratio of 30.82. The stock’s fifty day moving average price is C$61.90. The firm has a market capitalization of $51.81 billion and a P/E ratio of 17.68. NEWMONT GOLD-TS has a 12 month low of C$40.01 and a 12 month high of C$70.88.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 5th were paid a dividend of $0.185 per share. The ex-dividend date was Wednesday, March 4th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.10%. NEWMONT GOLD-TS’s payout ratio is currently 11.02%.
About NEWMONT GOLD-TS
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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