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

Newmont Co. (TSE:NGT) has been assigned an average rating of “Strong Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, two have assigned a buy rating and ten have assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$125.00.

A number of research analysts have issued reports on the company. Sanford C. Bernstein upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Citigroup upgraded Newmont to a “strong-buy” rating in a research note on Monday, January 12th. Finally, DZ Bank upgraded Newmont to a “strong-buy” rating in a research note on Monday, January 19th.

Newmont Stock Performance

The firm’s fifty day moving average price is C$116.00 and its 200-day moving average price is C$116.00. The stock has a market cap of C$127.42 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.90. Newmont has a 1-year low of C$53.03 and a 1-year high of C$119.73. The company has a current ratio of 2.23, a quick ratio of 1.77 and a debt-to-equity ratio of 23.69.

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.