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

Shares of Newmont Co. (TSE:NGT – Get Free Report) have been assigned a consensus rating of “Strong Buy” from the twelve analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, one has given a buy rating and nine have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$125.00.

A number of equities analysts recently commented on NGT shares. Barclays upgraded shares of Newmont to a “strong-buy” rating in a research note on Thursday, May 21st. National Bank Financial cut Newmont from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th.

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Newmont Trading Down 1.1%

TSE NGT opened at C$116.00 on Friday. Newmont has a 52 week low of C$53.03 and a 52 week high of C$119.73. The firm has a 50 day moving average of C$116.00 and a two-hundred day moving average of C$116.00. The company has a quick ratio of 1.76, a current ratio of 2.23 and a debt-to-equity ratio of 23.69. The stock has a market capitalization of C$127.42 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.90.

About Newmont

(Get Free Report)

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.

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