NEWMONT GOLD-TS (TSE:NGT) to Issue $0.19 Quarterly Dividend

NEWMONT GOLD-TS (TSE:NGT) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Stockholders of record on Thursday, December 5th will be given a dividend of 0.185 per share on Friday, December 27th. This represents a $0.74 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Wednesday, December 4th.

NGT opened at C$51.04 on Monday. NEWMONT GOLD-TS has a twelve month low of C$40.01 and a twelve month high of C$54.87. The stock has a market capitalization of $41.84 billion and a PE ratio of 15.13. The company has a debt-to-equity ratio of 33.65, a current ratio of 2.18 and a quick ratio of 1.39. The firm’s 50 day moving average is C$50.34.

NEWMONT GOLD-TS (TSE:NGT) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.53 by C($0.05). The business had revenue of C$3.58 billion for the quarter, compared to analyst estimates of C$4.07 billion.

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

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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