Newmont (NEM) to Release Earnings on Thursday

Newmont (NYSE:NEM) will announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Newmont (NYSE:NEM) last released its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Newmont had a negative net margin of 20.95% and a positive return on equity of 6.21%. The business had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, analysts expect Newmont to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Newmont Trading Up 0.7 %

Newmont stock opened at $37.71 on Wednesday. The stock has a 50-day moving average of $35.01 and a two-hundred day moving average of $36.86. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.25. Newmont has a one year low of $29.42 and a one year high of $50.18. The stock has a market cap of $43.47 billion, a PE ratio of -15.84, a price-to-earnings-growth ratio of 1.05 and a beta of 0.50.

Newmont Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 5th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Monday, March 4th. Newmont’s dividend payout ratio (DPR) is presently -42.02%.

Analyst Ratings Changes

A number of equities research analysts have commented on NEM shares. National Bank Financial reiterated an “outperform overweight” rating on shares of Newmont in a research note on Monday, April 8th. Royal Bank of Canada cut their price objective on Newmont from $45.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, February 8th. Argus lowered Newmont from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Jefferies Financial Group initiated coverage on Newmont in a report on Thursday, February 29th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, TD Securities cut their price objective on Newmont from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Newmont presently has a consensus rating of “Hold” and an average target price of $50.89.

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.