Newmont (TSE:NGT) Shares Down 1.6%

Defense World · Nov 26, 2022 14:42

Shares of Newmont Co. (TSE:NGT – Get Rating) fell 1.6% during mid-day trading on Friday . The stock traded as low as C$61.30 and last traded at C$61.34. 63,073 shares traded hands during trading, a decline of 64% from the average session volume of 175,445 shares. The stock had previously closed at C$62.32.

Analysts Set New Price Targets

Separately, National Bankshares lifted their price target on Newmont from C$79.00 to C$80.00 in a research report on Thursday, October 13th.

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Newmont Stock Down 1.6 %

The firm has a market capitalization of C$48.69 billion and a price-to-earnings ratio of 37.86. The stock has a fifty day moving average of C$58.26 and a 200-day moving average of C$66.79. The company has a current ratio of 2.72, a quick ratio of 1.77 and a debt-to-equity ratio of 28.63.

Newmont Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 8th will be given a $0.761 dividend. This represents a $3.04 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Wednesday, December 7th. This is a boost from Newmont's previous quarterly dividend of $0.71. Newmont's dividend payout ratio (DPR) is 135.80%.

Newmont Company Profile

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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, and Ghana. As of December 31, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers.

Newmont (TSE:NGT) Shares Down 1.6%

Analysts Set New Price Targets

Newmont Stock Down 1.6 %

Newmont Increases Dividend

Newmont Company Profile

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