Newmont Co. (TSE:NGT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Newmont Co. (TSE:NGT) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$56.50.

NGT has been the subject of several recent research reports. CLSA upgraded Newmont to a “hold” rating in a research report on Friday, November 29th. The Goldman Sachs Group raised shares of Newmont to a “strong-buy” rating in a report on Monday, January 13th. Finally, Citigroup lowered their price target on shares of Newmont from C$66.00 to C$45.00 and set a “buy” rating on the stock in a report on Monday, December 23rd.

Newmont Price Performance

Shares of NGT opened at C$66.45 on Friday. The business’s 50-day moving average is C$62.01 and its two-hundred day moving average is C$64.31. The company has a market capitalization of C$52.86 billion, a P/E ratio of -43.90, a P/E/G ratio of 1.43 and a beta of 0.51. Newmont has a fifty-two week low of C$45.17 and a fifty-two week high of C$81.16. The company has a debt-to-equity ratio of 30.62, a quick ratio of 1.77 and a current ratio of 1.96.

About Newmont

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.