National Bankshares Forecasts Strong Price Appreciation for Newmont (TSE:NGT) Stock

Newmont (TSE:NGT) had its target price lifted by equities research analysts at National Bankshares from C$75.00 to C$80.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price suggests a potential upside of 17.04% from the stock’s current price.

A number of other analysts have also issued reports on the company. The Goldman Sachs Group raised Newmont to a “strong-buy” rating in a research report on Monday, January 13th. Citigroup dropped their target price on Newmont from C$66.00 to C$45.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Finally, CLSA raised Newmont to a “hold” rating in a research report on Friday, November 29th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Newmont presently has an average rating of “Moderate Buy” and a consensus target price of C$62.50.

Newmont Trading Down 0.6 %

TSE:NGT opened at C$68.35 on Wednesday. The business’s 50-day moving average is C$63.04 and its two-hundred day moving average is C$64.19. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. Newmont has a 12 month low of C$45.99 and a 12 month high of C$81.16. The firm has a market capitalization of C$54.37 billion, a PE ratio of -45.16, a price-to-earnings-growth 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.