Newmont (TSE:NGT) Stock Price Expected to Rise, National Bankshares Analyst Says

Newmont (TSE:NGT) had its price target raised by National Bankshares from C$75.00 to C$80.00 in a research report report published on Wednesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other analysts also recently commented on the stock. The Goldman Sachs Group upgraded shares of Newmont to a “strong-buy” rating in a report on Monday, January 13th. CLSA upgraded shares of Newmont to a “hold” rating in a report on Friday, November 29th. Finally, Citigroup decreased their price objective 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. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$62.50.

Newmont Stock Performance

Shares of NGT stock opened at C$67.90 on Wednesday. The firm has a 50-day moving average of C$63.27 and a 200-day moving average of C$64.22. The company has a market cap of C$54.01 billion, a P/E ratio of -44.86, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. Newmont has a one year low of C$45.99 and a one year high of C$81.16.

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.