Newmont (NYSE:NEM – Get Free Report) posted its earnings results on Thursday. The basic materials company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.20, Briefing.com reports. Newmont had a positive return on equity of 6.88% and a negative net margin of 20.19%. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the prior year, the business earned $0.40 EPS. The business’s revenue for the quarter was up 50.2% on a year-over-year basis.
Newmont Stock Performance
NEM stock opened at $42.73 on Friday. The company has a market cap of $49.26 billion, a P/E ratio of -16.00, a price-to-earnings-growth ratio of 1.11 and a beta of 0.50. Newmont has a 1 year low of $29.42 and a 1 year high of $50.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.15 and a quick ratio of 0.98. The stock’s fifty day moving average price is $35.54 and its 200-day moving average price is $36.95.
Newmont Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Tuesday, June 4th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.34%. Newmont’s dividend payout ratio (DPR) is currently -37.45%.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on NEM
Newmont Company Profile
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.
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