Newmont Co. (TSE:NGT) Stock Now Rated “Strong Buy” by Sell-Side Brokerages

Shares of Newmont Co. (TSE:NGT) have been assigned a consensus rating of “Strong Buy” from the nine research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and seven have given a strong buy rating to the company.

Separately, Stifel Nicolaus raised Newmont to a “strong-buy” rating in a report on Sunday.

Newmont Trading Down 1.1%

Shares of TSE:NGT opened at C$116.00 on Thursday. The company has a 50 day moving average of C$116.00 and a 200-day moving average of C$116.00. The company has a current ratio of 1.63, a quick ratio of 1.76 and a debt-to-equity ratio of 29.98. The firm has a market cap of C$127.42 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.43 and a beta of 0.90. Newmont has a twelve month low of C$53.03 and a twelve month high of C$119.73.

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.