Brokerages Set Newmont Co. (TSE:NGT) PT at C$56.50

Newmont Co. (TSE:NGT) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$56.50.

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

Newmont Price Performance

Shares of NGT stock opened at C$61.23 on Friday. The stock has a 50 day moving average price of C$61.20 and a 200 day moving average price of C$64.44. Newmont has a 52-week low of C$45.17 and a 52-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. The firm has a market capitalization of C$48.71 billion, a P/E ratio of -40.45, a P/E/G ratio of 1.43 and a beta of 0.51.

Newmont Company Profile

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.