National Bankshares Lowers Newmont (TSE:NGT) Price Target to C$69.00

Newmont (TSE:NGT) had its target price cut by research analysts at National Bankshares from C$71.00 to C$69.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 28.52% from the stock’s previous close.

Separately, National Bank Financial reissued an “outperform overweight” rating on shares of Newmont in a report on Monday, April 8th.

Newmont Trading Up 1.2 %

TSE:NGT opened at C$53.69 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.77 and a debt-to-equity ratio of 32.67. The stock has a market capitalization of C$61.74 billion, a PE ratio of -13.06, a price-to-earnings-growth ratio of 0.78 and a beta of 0.54. The firm’s 50 day moving average is C$47.27 and its 200 day moving average is C$49.96. Newmont has a 12 month low of C$39.96 and a 12 month high of C$68.15.

Newmont (TSE:NGT) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.68 EPS for the quarter, missing analysts’ consensus estimates of C$0.70 by C($0.02). Newmont had a negative return on equity of 10.23% and a negative net margin of 21.11%. The company had revenue of C$5.39 billion during the quarter, compared to the consensus estimate of C$4.37 billion. Sell-side analysts expect that Newmont will post 3.4813847 earnings per share for the current year.

Newmont Company Profile

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.