Newmont (TSE:NGT) Stock Price Down 1.1% – What’s Next?

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

Analysts Set New Price Targets

A number of analysts have weighed in on NGT shares. Scotiabank upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Royal Bank Of Canada raised Newmont from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, September 10th. Cibc World Mkts raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. The Goldman Sachs Group upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Sunday, October 12th. Finally, National Bankshares increased their price objective 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. Nine research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Newmont currently has a consensus rating of “Strong Buy” and a consensus price target of C$125.00.

Newmont Trading Down 1.1%

The business has a 50 day moving average of C$116.00 and a 200-day moving average of C$103.54. 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 firm has a market capitalization of C$127.42 billion, a P/E ratio of 20.86, a PEG ratio of 1.43 and a beta of 0.90.

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.