Newmont Co. (TSE:NGT) Receives Consensus Recommendation of “Strong Buy” from Analysts

Shares of Newmont Co. (TSE:NGT) have been assigned an average recommendation of “Strong Buy” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and nine have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$125.00.

Several equities analysts recently commented on the company. Barclays upgraded Newmont to a “strong-buy” rating in a research note on Thursday, May 21st. Sanford C. Bernstein upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Finally, National Bank Financial lowered Newmont from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th.

Newmont Stock Performance

Newmont stock opened at C$116.00 on Friday. 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. The stock has a fifty day moving average price of C$116.00 and a 200 day moving average price of C$116.00. 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 2.23, a quick ratio of 1.77 and a debt-to-equity ratio of 23.69.

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.