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

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

NGT has been the topic of several research reports. DZ Bank upgraded shares of Newmont to a “strong-buy” rating in a research report on Monday, January 19th. Macquarie Infrastructure upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. BNP Paribas Exane lowered Newmont from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Sanford C. Bernstein upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Finally, Citigroup raised Newmont to a “strong-buy” rating in a research report on Monday, January 12th.

Newmont Trading Down 1.1%

Shares of NGT stock opened at C$116.00 on Wednesday. The stock has a market cap of C$127.42 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.43 and a beta of 0.90. The company has a quick ratio of 1.77, a current ratio of 2.23 and a debt-to-equity ratio of 23.69. Newmont has a fifty-two week low of C$53.03 and a fifty-two week high of C$119.73. The business has a fifty day simple moving average of C$116.00 and a 200-day simple moving average of C$115.06.

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.