$Newmont Declares First Quarter Dividend of $0.55 Per Share April 21, 2022 07:30 AM Eastern Daylight Time DENVER--(BUSINESS WIRE)--
Newmont Corporation (NYSE: NEM) (TSX: NGT) today announced that its Board of Directors declared a dividend of $0.55 per share of common stock for the first quarter of 2022, payable on June 16, 2022 to holders of record at the close of business on June 2, 2022.
The declaration and payment of future quarterly dividends remains at the discretion of the Board of Directors and will depend on the Company's financial results, cash flow and cash requirements, future prospects, and other factors deemed relevant by the Board.1
Monroe Yes It Time For A Rally In Gold And The Newmont Mining Stock'
NEM and GOLD have a forward dividend yield of 4.9%; the highest since we initiated coverage on the seniors in mid-2020.
Gold Stocks Likely to Outperform Gold in a Rally Our analysts are expecting a rally in gold prices as the Fed is likely to take a less hawkish stance in its meeting next month due to weaker economic activities and GDP growth.
They believe high inflation and slower-than-expected rate hikes are highly conducive for gold.
Analysts are expecting a rally in gold prices, and believe NEM and GOLD have higher upside potential than the metal.
Newmont's (NEM) Q1 Earnings and Revenues Beat Estimates
NEM +12.46% Zacks Equity Research Thu, April 25, 2024 at 10:45 a.m. PDT In this article:
NEM +12.46%
Newmont Corporation NEM reported first-quarter 2024 earnings from continuing operations of 15 cents per share compared with 42 cents in the year-ago quarter.
Barring one-time items, adjusted earnings were 55 cents per share compared with 40 cents reported in the prior-year quarter. It topped the Zacks Consensus Estimate of 35 cents.
NEM’s revenues for the first quarter were $4,023 million, up 50.2% from $2,679 million reported in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $3,398.7 million. The increase in the top line was primarily due to higher year-over-year production and realized gold prices.
Newmont Corporation Price, Consensus and EPS Surprise