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

Shares of Newmont Co. (TSE:NGT) have been given an average recommendation of “Strong Buy” by the eleven brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and eight have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$125.00.

A number of equities analysts have weighed in on NGT shares. Barclays raised Newmont to a “strong-buy” rating in a research report on Thursday, May 21st. National Bank Financial lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th.

Newmont Trading Down 1.1%

Newmont stock opened at C$116.00 on Tuesday. The company has a debt-to-equity ratio of 23.69, a current ratio of 2.23 and a quick ratio of 1.76. Newmont has a one year low of C$53.03 and a one year high of C$119.73. The stock has a market capitalization of C$127.42 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.90. The business’s fifty day moving average is C$116.00 and its 200 day moving average is C$116.00.

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.