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

Newmont Co. (TSE:NGT) has earned a consensus rating of “Strong Buy” from the fourteen analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, two have given a buy recommendation and eleven have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$125.00.

A number of research analysts have weighed in on NGT shares. Scotiabank raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Citigroup upgraded Newmont to a “strong-buy” rating in a research report on Monday, January 12th. Cibc World Mkts raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Macquarie upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Finally, BNP Paribas Exane lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th.

Newmont Stock Performance

Shares of NGT opened at C$116.00 on Tuesday. Newmont has a 1 year low of C$53.03 and a 1 year high of C$119.73. The company’s 50 day simple moving average is C$116.00 and its 200 day simple moving average is C$108.60. The company has a market capitalization of C$127.42 billion, a price-to-earnings ratio of 20.86, a PEG 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.

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.