Newmont Co. (TSE:NGT) Receives C$125.00 Consensus Target Price from Brokerages

Newmont Co. (TSE:NGT) has been assigned a consensus rating of “Strong Buy” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and eight have issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$125.00.

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

Newmont Trading Down 1.1%

TSE NGT opened at C$116.00 on Tuesday. 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. Newmont has a one year low of C$53.03 and a one year high of C$119.73. The company has a debt-to-equity ratio of 23.69, a current ratio of 2.23 and a quick ratio of 1.76. The business’s fifty day moving average is C$116.00 and its 200-day moving average is C$116.00.

About Newmont

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.