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

Newmont Co. (TSE:NGT) has received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Six equities research 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 twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$62.50.

Several analysts recently weighed in on the company. National Bank Financial upgraded Newmont to a “hold” rating in a report on Friday, March 21st. Citigroup reduced their target price on shares of 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 Bankshares lifted their price target on shares of Newmont from C$75.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 19th. Finally, The Goldman Sachs Group raised shares of Newmont to a “strong-buy” rating in a research report on Monday, January 13th.

Newmont Stock Performance

Shares of TSE:NGT opened at C$63.00 on Wednesday. The firm has a fifty day simple moving average of C$64.97 and a two-hundred day simple moving average of C$64.06. Newmont has a 52 week low of C$50.27 and a 52 week high of C$81.16. The company has a quick ratio of 1.77, a current ratio of 1.96 and a debt-to-equity ratio of 30.62. The stock has a market capitalization of C$50.11 billion, a P/E ratio of -41.62, a PEG ratio of 1.43 and a beta of 0.51.

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.