Updating Newmont Mining and IBM

Article Excerpt

NEWMONT MINING $36.87 (New York symbol NEM; Shares o/s: 533.2 million; Market cap: $19.7 billion; TSINetwork Rating: Average; Divd. yield: 0.8%; www.newmont.com) is a major gold and copper producer, with mines in the U.S., Peru, Suriname, Australia and Ghana. In the three months ended June 30, 2017, revenue rose 12.3%, to $1.88 billion from $1.67 billion a year earlier. Earnings gained 60.0%, to $248 million from $155 million. With more shares outstanding, earnings per share climbed 53.3%, to $0.46 from $0.30. The gains came from higher gold production and lower costs. The company’s gold output rose 13.3%, to 1.35 million ounces from 1.19 million. Newmont’s balance sheet is also strong: its long-term debt of $4.0 billion is just 21% of its market cap; and it holds $3.1 billion in cash, or $5.81 a share. As a result of improving gold prices, Newmont will increase its quarterly dividend with the September 2017 payment by 50.0%, to $0.075 a share from $0.05. The new annual…