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

Shares of Newmont Co. (TSE:NGT) have been given an average recommendation of “Strong Buy” by the fourteen analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, two have given a buy recommendation and eleven have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$125.00.

Several research analysts have recently weighed in on NGT shares. BNP Paribas Exane lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Citigroup upgraded shares of Newmont to a “strong-buy” rating in a research note on Monday, January 12th. DZ Bank upgraded Newmont to a “strong-buy” rating in a report on Monday, January 19th. Macquarie Infrastructure raised Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Finally, Sanford C. Bernstein upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th.

Newmont Price Performance

Shares of NGT opened at C$116.00 on Wednesday. The company has a current ratio of 2.23, a quick ratio of 1.77 and a debt-to-equity ratio of 23.69. The company’s fifty day simple moving average is C$116.00 and its 200 day simple moving average is C$115.32. Newmont has a 1-year low of C$53.03 and a 1-year high of C$119.73. The company has a market cap of C$127.42 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.43 and a beta of 0.90.

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.