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

Shares of Newmont Co. (TSE:NGT) have received a consensus rating of “Strong Buy” from the twelve ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, two have assigned a buy rating and nine have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$125.00.

A number of equities analysts have recently commented on NGT shares. Royal Bank Of Canada raised Newmont from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, September 10th. Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. The Goldman Sachs Group upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Sunday, October 12th. Macquarie raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Finally, BNP Paribas lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th.

Newmont Stock Down 1.1%

NGT stock opened at C$116.00 on Friday. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. The company’s 50 day simple moving average is C$116.00 and its 200-day simple moving average is C$103.97. Newmont has a 12 month low of C$53.03 and a 12 month high of C$119.73. The firm has a market capitalization of C$127.42 billion, a PE ratio of 20.86, a P/E/G ratio of 1.43 and a beta of 0.90.

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.