NEWMONT GOLD-TS (TSE:NGT) Price Target Lowered to C$61.00 at National Bank Financial

NEWMONT GOLD-TS (TSE:NGT) had its price target lowered by National Bank Financial from C$64.00 to C$61.00 in a research note released on Monday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

NGT stock opened at C$50.76 on Monday. NEWMONT GOLD-TS has a 1 year low of C$40.01 and a 1 year high of C$54.87. The stock has a market capitalization of $41.29 billion and a P/E ratio of 15.05. The company has a quick ratio of 1.39, a current ratio of 2.18 and a debt-to-equity ratio of 33.65.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 5th will be paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, December 4th. NEWMONT GOLD-TS’s payout ratio is currently 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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