Newmont Co. (TSE:NGT) Receives Average Rating of “Strong Buy” from Brokerages

Shares of Newmont Co. (TSE:NGT) have been assigned a consensus recommendation of “Strong Buy” from the fourteen ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and eleven have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$125.00.

NGT has been the topic of a number of recent analyst reports. Sanford C. Bernstein upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Macquarie Infrastructure upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. BNP Paribas Exane cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. DZ Bank raised shares of Newmont to a “strong-buy” rating in a report on Monday, January 19th. Finally, Citigroup upgraded shares of Newmont to a “strong-buy” rating in a research report on Monday, January 12th.

Newmont Stock Down 1.1%

Shares of Newmont stock opened at C$116.00 on Wednesday. Newmont has a 12-month low of C$53.03 and a 12-month high of C$119.73. The stock has a market capitalization of C$127.42 billion, a P/E ratio of 20.86, a PEG ratio of 1.43 and a beta of 0.90. The company has a quick ratio of 1.77, a current ratio of 2.23 and a debt-to-equity ratio of 23.69. The stock has a 50 day moving average price of C$116.00 and a two-hundred day moving average price of C$115.48.

Newmont Company Profile

Newmont Corp is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. It is also engaged in the production of copper, silver, lead and zinc. The company’s operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada.