Newmont Co. (TSE:NGT) Receives C$62.50 Average PT from Brokerages

Newmont Co. (TSE:NGT) has been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$62.50.

A number of brokerages have commented on NGT. Citigroup decreased their price target on Newmont from C$66.00 to C$45.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. National Bank Financial raised shares of Newmont to a “hold” rating in a research note on Friday, March 21st. The Goldman Sachs Group raised shares of Newmont to a “strong-buy” rating in a report on Monday, January 13th. Finally, National Bankshares upped their price objective on shares of Newmont from C$75.00 to C$80.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 19th.

Newmont Stock Up 0.3 %

Shares of TSE:NGT opened at C$64.08 on Wednesday. The stock has a market capitalization of C$50.97 billion, a P/E ratio of -42.34, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The stock’s 50-day moving average price is C$65.23 and its 200-day moving average price is C$63.82. The company has a current ratio of 1.96, a quick ratio of 1.77 and a debt-to-equity ratio of 30.62. Newmont has a 12-month low of C$50.27 and a 12-month high of C$81.16.

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.