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

Shares of Newmont Co. (TSE:NGT) have been given a consensus rating of “Strong Buy” by the twelve brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and nine have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$125.00.

A number of research firms recently commented on NGT. The Goldman Sachs Group upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Sunday, October 12th. Scotiabank raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. Royal Bank Of Canada upgraded shares of Newmont from a “hold” rating to a “moderate buy” rating in a report on Wednesday, September 10th. Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Finally, National Bankshares boosted their price target on Newmont from C$110.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd.

Newmont Stock Down 1.1%

NGT stock opened at C$116.00 on Friday. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. The firm has a market capitalization of C$127.42 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.43 and a beta of 0.90. Newmont has a 52-week low of C$53.03 and a 52-week high of C$119.73. The company’s 50 day simple moving average is C$116.00 and its 200-day simple moving average is C$103.97.

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.