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

Newmont Co. (TSE:NGT) has earned an average recommendation of “Strong Buy” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and eight have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$125.00.

NGT has been the subject of several research reports. Citigroup upgraded Newmont to a “strong-buy” rating in a research report on Monday, January 12th. Sanford C. Bernstein upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. National Bank Financial cut Newmont from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Finally, DZ Bank upgraded Newmont to a “strong-buy” rating in a report on Monday, January 19th.

Newmont Stock Down 1.1%

Shares of NGT opened at C$116.00 on Thursday. The company has a debt-to-equity ratio of 23.69, a quick ratio of 1.77 and a current ratio of 2.23. Newmont has a one year low of C$53.03 and a one year high of C$119.73. The stock has a market capitalization of C$127.42 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.43 and a beta of 0.90. The stock has a 50 day moving average price of C$116.00 and a 200 day moving average price of C$116.00.

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.