Newmont (TSE:NGT) Stock Price Down 1.1% – Should You Sell?

Newmont Co. (TSE:NGT)’s stock price traded down 1.1% on Monday . The company traded as low as C$115.79 and last traded at C$116.00. 293,766 shares traded hands during trading, an increase of 22% from the average session volume of 240,366 shares. The stock had previously closed at C$117.24.

Wall Street Analyst Weigh In

NGT has been the subject of several recent analyst reports. National Bankshares raised their target price on shares of Newmont from C$110.00 to C$125.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. The Goldman Sachs Group upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Sunday, October 12th. Macquarie raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. BNP Paribas cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Finally, Royal Bank Of Canada upgraded Newmont from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, September 10th. Nine equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Strong Buy” and a consensus target price of C$125.00.

Newmont Stock Down 1.1%

The firm has a market capitalization of C$127.42 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.90. The business has a 50 day moving average price of C$116.00 and a 200 day moving average price of C$103.54. 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 Company Profile

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.