Newmont Co. (TSE:NGT) Given Average Rating of “Buy” by Brokerages

Newmont Co. (TSE:NGT) has been assigned a consensus rating of “Buy” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and six have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$62.50.

Several equities analysts have issued reports on NGT shares. BMO Capital Markets raised Newmont to a “strong-buy” rating in a report on Tuesday, April 15th. UBS Group raised Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, April 11th. Cfra Research raised Newmont to a “strong-buy” rating in a report on Friday, April 25th. National Bank Financial upgraded shares of Newmont to a “hold” rating in a research report on Friday, March 21st. Finally, National Bankshares raised their target price on shares of Newmont from C$75.00 to C$80.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 19th.

Newmont Stock Performance

TSE:NGT opened at C$72.96 on Thursday. The firm has a market capitalization of C$58.04 billion, a PE ratio of -48.20, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The business’s fifty day moving average price is C$71.14 and its 200 day moving average price is C$63.96. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. Newmont has a 12 month low of C$53.03 and a 12 month high of C$81.16.

About Newmont

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.