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

Newmont Co. (TSE:NGT) has been assigned an average rating of “Strong Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and eleven have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$125.00.

Several brokerages recently issued reports on NGT. Citigroup upgraded Newmont to a “strong-buy” rating in a report on Monday, January 12th. DZ Bank upgraded Newmont to a “strong-buy” rating in a report on Monday, January 19th. BNP Paribas Exane lowered Newmont from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. The Goldman Sachs Group upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Sunday, October 12th. Finally, Scotiabank raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd.

Newmont Stock Performance

Shares of NGT stock opened at C$116.00 on Tuesday. The company’s fifty day simple moving average is C$116.00 and its 200-day simple moving average is C$108.60. Newmont has a 52 week low of C$53.03 and a 52 week high of C$119.73. 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 company has a market cap of C$127.42 billion, a PE ratio of 20.86, a P/E/G 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.