NEWMONT GOLD-TS (TSE:NGT) – Equities research analysts at B. Riley upped their Q1 2020 earnings per share estimates for NEWMONT GOLD-TS in a report released on Tuesday, March 10th. B. Riley analyst A. Graf now anticipates that the company will post earnings per share of $0.84 for the quarter, up from their prior estimate of $0.60. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for NEWMONT GOLD-TS’s Q2 2020 earnings at $0.85 EPS, Q3 2020 earnings at $0.87 EPS, Q4 2020 earnings at $0.90 EPS, FY2020 earnings at $3.46 EPS and FY2021 earnings at $4.63 EPS.
Separately, National Bank Financial increased their price target on shares of NEWMONT GOLD-TS from C$66.00 to C$75.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd.
NGT stock opened at C$55.47 on Friday. The firm has a 50 day simple moving average of C$61.62. The firm has a market capitalization of $50.70 billion and a price-to-earnings ratio of 14.55. NEWMONT GOLD-TS has a 12 month low of C$40.01 and a 12 month high of C$70.41. The company has a quick ratio of 1.20, a current ratio of 2.63 and a debt-to-equity ratio of 30.82.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, March 5th will be given a dividend of $0.185 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.74 dividend on an annualized basis and a yield of 1.33%. NEWMONT GOLD-TS’s dividend payout ratio (DPR) 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.
