Newmont (TSE:NGT) Shares Down 1.1% – Here’s What Happened

Shares of Newmont Co. (TSE:NGT) fell 1.1% on Tuesday . The company traded as low as C$115.79 and last traded at C$116.00. Approximately 293,766 shares changed hands during mid-day trading, an increase of 22% from the average session volume of 240,366 shares. The stock had previously closed at C$117.24.

Analyst Ratings Changes

Separately, Barclays raised Newmont to a “strong-buy” rating in a research note on Thursday, May 21st. Eight analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy” and an average target price of C$125.00.

Newmont Price Performance

The firm has a market capitalization of C$127.42 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.90. The business has a 50-day moving average of C$116.00 and a 200 day moving average of C$116.00. The company has a current ratio of 2.23, a quick ratio of 1.76 and a debt-to-equity ratio of 23.69.

About Newmont

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.