Newmont (TSE:NGT) Given New C$125.00 Price Target at National Bankshares

Newmont (TSE:NGT) had its price objective increased by National Bankshares from C$110.00 to C$125.00 in a research report released on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also weighed in on NGT. BNP Paribas lowered Newmont from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. Royal Bank Of Canada raised Newmont from a “hold” rating to a “moderate buy” rating in a report on Wednesday, September 10th. National Bank Financial raised Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, July 25th. The Goldman Sachs Group lowered Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 8th. Finally, Stifel Canada raised Newmont to a “strong-buy” rating in a report on Tuesday, July 8th. Five research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$85.00.

Newmont Trading Up 3.0%

Shares of Newmont stock opened at C$115.73 on Monday. Newmont has a 52-week low of C$53.03 and a 52-week high of C$115.95. The stock’s 50-day simple moving average is C$96.28 and its 200 day simple moving average is C$81.37. The stock has a market capitalization of C$127.12 billion, a P/E ratio of 20.81, a P/E/G ratio of 1.43 and a beta of 0.90. The company has a debt-to-equity ratio of 30.62, a quick ratio of 1.77 and a current ratio of 1.96.

About Newmont

Newmont Corp is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. It is also engaged in the production of copper, silver, lead and zinc. The company’s operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada.