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

Shares of Newmont Co. (TSE:NGT) have earned a consensus rating of “Strong Buy” from the thirteen analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, two have given a buy rating and ten have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$125.00.

NGT has been the subject of several research analyst reports. BNP Paribas Exane downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Macquarie Infrastructure upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. Citigroup raised Newmont to a “strong-buy” rating in a report on Monday, January 12th. Finally, DZ Bank raised shares of Newmont to a “strong-buy” rating in a report on Monday, January 19th.

Newmont Price Performance

Shares of Newmont stock opened at C$116.00 on Friday. The stock has a market capitalization of C$127.42 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 1.43 and a beta of 0.90. The firm’s 50-day moving average price is C$116.00 and its two-hundred day moving average price is C$112.48. The company has a current ratio of 1.96, a quick ratio of 1.77 and a debt-to-equity ratio of 30.62. Newmont has a 1-year low of C$53.03 and a 1-year high of C$119.73.

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.