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

Shares of Newmont Co. (TSE:NGT) have earned an average rating of “Strong Buy” from the twelve analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and nine have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$125.00.

Several equities analysts have commented on the stock. Barclays upgraded shares of Newmont to a “strong-buy” rating in a research note on Thursday, May 21st. Sanford C. Bernstein upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Finally, National Bank Financial downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th.

Newmont Stock Down 1.1%

Shares of TSE NGT opened at C$116.00 on Monday. The firm has a market cap 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 company has a quick ratio of 1.77, a current ratio of 2.23 and a debt-to-equity ratio of 23.69. Newmont has a 52-week low of C$53.03 and a 52-week high of C$119.73. The business’s 50 day moving average is C$116.00 and its two-hundred day moving average is 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.