Newmont Co. (TSE:NGT) Receives Average Recommendation of “Strong Buy” from Brokerages

Shares of Newmont Co. (TSE:NGT) have received an average recommendation of “Strong Buy” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and ten have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$125.00.

A number of research analysts recently commented on NGT shares. Macquarie Infrastructure upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. DZ Bank raised shares of Newmont to a “strong-buy” rating in a report on Monday, January 19th. BNP Paribas Exane downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Finally, Citigroup upgraded shares of Newmont to a “strong-buy” rating in a research report on Monday, January 12th.

Newmont Trading Down 1.1%

Shares of NGT opened at C$116.00 on Friday. The stock’s 50-day moving average price is C$116.00 and its 200 day moving average price is C$112.48. The company has a quick ratio of 1.77, a current ratio of 1.96 and a debt-to-equity ratio of 30.62. The firm has a market capitalization of C$127.42 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 1.43 and a beta of 0.90. Newmont has a 12-month low of C$53.03 and a 12-month high of C$119.73.

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.