Newmont Co. (TSE:NGT) Receives C$85.00 Average Price Target from Analysts

Newmont Co. (TSE:NGT) has earned a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and eight have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$85.00.

Several brokerages have recently weighed in on NGT. Macquarie cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 2nd. National Bank Financial raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 25th. Stifel Canada raised shares of Newmont to a “strong-buy” rating in a research report on Tuesday, July 8th. Royal Bank Of Canada upgraded shares of Newmont from a “hold” rating to a “moderate buy” rating in a report on Wednesday, September 10th. Finally, Scotiabank upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Thursday.

Newmont Stock Performance

The firm has a fifty day moving average price of C$109.74 and a 200-day moving average price of C$89.50. The company has a quick ratio of 1.77, a current ratio of 1.96 and a debt-to-equity ratio of 30.62. The company has a market cap of C$127.42 billion, a PE ratio of 20.86, a P/E/G ratio of 1.43 and a beta of 0.90. Newmont has a 1-year low of C$53.03 and a 1-year high of C$119.73.

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.