Newmont Co. (TSE:NGT) Given Consensus Rating of “Moderate Buy” by Analysts

Newmont Co. (TSE:NGT) has earned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$62.50.

Several brokerages have recently issued reports on NGT. National Bank Financial upgraded shares of Newmont to a “hold” rating in a report on Friday, March 21st. National Bankshares raised their price target on shares of Newmont from C$75.00 to C$80.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 19th. The Goldman Sachs Group upgraded shares of Newmont to a “strong-buy” rating in a research report on Monday, January 13th. Finally, Citigroup dropped their target price on shares of Newmont from C$66.00 to C$45.00 and set a “buy” rating for the company in a report on Monday, December 23rd.

Newmont Stock Down 7.5 %

Shares of TSE NGT opened at C$63.00 on Wednesday. The stock has a market capitalization of C$50.11 billion, a P/E ratio of -41.62, a PEG ratio of 1.43 and a beta of 0.51. Newmont has a one year low of C$50.27 and a one year high of C$81.16. The firm’s 50 day simple moving average is C$64.97 and its two-hundred day simple moving average is C$64.00. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77.

About Newmont

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.