Newmont’s Outlook is Bright Due to More Than Just Gold Prices Rallying
publication date: Jan 10, 2020
Image Source: Newmont – Third Quarter 2019 Earnings IR Presentation.
Newmont Corp announced a huge boost to its dividend on January 6, with its quarterly payout growing by 79% to $0.25 per share from $0.14 previously. As of this writing, that’s good for a forward-looking yield of ~2.4%. Additionally, the company reiterated its commitment to buying back its stock now that the merger between Newmont and Goldcorp is firmly in the rear view mirror (Newmont Corporation used to be known as Newmont Goldcorp Corporation, a name that was shortened this year). We continue to like the name as one of the top gold mining plays.
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