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

Shares of Newmont Co. (TSE:NGT) have earned a consensus recommendation of “Strong Buy” from the fourteen research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and eleven have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$125.00.

Several equities analysts recently commented on the stock. DZ Bank raised shares of Newmont to a “strong-buy” rating in a research report on Monday, January 19th. Citigroup upgraded Newmont to a “strong-buy” rating in a research note on Monday, January 12th. Macquarie upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. Scotiabank raised Newmont from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th.

Newmont Stock Performance

The company’s 50 day moving average price is C$116.00 and its 200 day moving average price is C$109.37. The company 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 company has a debt-to-equity ratio of 30.62, a quick ratio of 1.77 and a current ratio of 1.96. Newmont has a one year low of C$53.03 and a one 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.