Analysts Set Newmont Co. (TSE:NGT) PT at C$85.00

Shares of Newmont Co. (TSE:NGT) have received an average recommendation of “Buy” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and eight have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$85.00.

NGT has been the topic of a number of recent research reports. National Bankshares upped their target price on shares of Newmont from C$110.00 to C$125.00 and gave the company an “outperform” rating in a report on Monday, September 22nd. Cibc World Mkts raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. The Goldman Sachs Group raised Newmont from a “hold” rating to a “strong-buy” rating in a research report on Sunday, October 12th. Macquarie lowered Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 2nd. Finally, Scotiabank upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd.

Newmont Stock Performance

The firm has a market capitalization 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. The company has a current ratio of 1.96, a quick ratio of 1.77 and a debt-to-equity ratio of 30.62. The business’s fifty day moving average is C$114.52 and its 200 day moving average is C$93.96. 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.