Newmont (TSE:NGT) Stock Price Down 1.1% – What’s Next?

Newmont Co. (TSE:NGT) shares dropped 1.1% during mid-day trading on Tuesday . The company traded as low as C$115.79 and last traded at C$116.00. 293,766 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 240,366 shares. The stock had previously closed at C$117.24.

Wall Street Analysts Forecast Growth

NGT has been the subject of several recent research reports. National Bank Financial lowered Newmont from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Barclays upgraded shares of Newmont to a “strong-buy” rating in a research note on Thursday, May 21st. Eight investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and a consensus target price of C$125.00.

Newmont Stock Performance

The company has a debt-to-equity ratio of 23.69, a quick ratio of 1.76 and a current ratio of 2.23. The stock 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 business has a 50-day moving average price of C$116.00 and a 200 day moving average price of 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.