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

Shares of Newmont Co. (TSE:NGT) have earned a consensus recommendation of “Strong Buy” from the twelve brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and nine have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$125.00.

Several brokerages have recently commented on NGT. National Bank Financial downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Sanford C. Bernstein raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Finally, Barclays upgraded Newmont to a “strong-buy” rating in a report on Thursday, May 21st.

Newmont Stock Down 1.1%

Shares of Newmont stock opened at C$116.00 on Monday. The company has a debt-to-equity ratio of 23.69, a quick ratio of 1.77 and a current ratio of 2.23. Newmont has a 52-week low of C$53.03 and a 52-week high of C$119.73. The company’s 50 day moving average price is C$116.00 and its 200-day moving average price is C$116.00. 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.

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.