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

Newmont Co. (TSE:NGT) has received an average recommendation of “Strong Buy” from the eleven ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and eight have issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$125.00.

Several analysts recently commented on NGT shares. Barclays raised shares of Newmont to a “strong-buy” rating in a research report on Thursday, May 21st. National Bank Financial downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th.

Newmont Price Performance

Shares of TSE:NGT opened at C$116.00 on Tuesday. The business has a fifty day moving average price of C$116.00 and a 200-day moving average price of C$116.00. The company has a debt-to-equity ratio of 23.69, a current ratio of 2.23 and a quick ratio of 1.76. The company has a market capitalization of C$127.42 billion, a PE ratio of 20.86, a PEG 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.

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.