Newmont Co. (TSE:NGT) Receives C$125.00 Average PT from Brokerages

Newmont Co. (TSE:NGT) has been assigned a consensus rating of “Strong Buy” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and eight have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$125.00.

A number of equities research analysts recently issued reports on the stock. National Bank Financial lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Barclays raised shares of Newmont to a “strong-buy” rating in a research note on Thursday, May 21st.

Newmont Stock Down 1.1%

Shares of NGT opened at C$116.00 on Tuesday. Newmont has a 52-week low of C$53.03 and a 52-week high of C$119.73. The company has a quick ratio of 1.76, a current ratio of 2.23 and a debt-to-equity ratio of 23.69. The stock has a fifty day simple moving average of C$116.00 and a two-hundred day simple moving average of C$116.00. The company has a market capitalization 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 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.