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

Shares of Newmont Co. (TSE:NGT) have earned a consensus rating of “Strong Buy” from the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and nine have assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$85.00.

A number of analysts recently weighed in on the stock. National Bankshares increased their price objective on shares of Newmont from C$110.00 to C$125.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Macquarie upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday. Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Scotiabank upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, The Goldman Sachs Group raised Newmont from a “hold” rating to a “strong-buy” rating in a report on Sunday, October 12th.

Newmont Stock Performance

NGT stock opened at C$116.00 on Monday. Newmont has a 1 year low of C$53.03 and a 1 year high of C$119.73. The stock 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. The stock’s fifty day moving average is C$116.00 and its two-hundred day moving average is C$98.77.

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.