Brokerages Set Newmont Co. (TSE:NGT) Price Target at C$62.50

Shares of Newmont Co. (TSE:NGT) have been assigned a consensus rating of “Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and six have given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$62.50.

A number of brokerages have issued reports on NGT. National Bankshares boosted their price target on shares of Newmont from C$75.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 19th. UBS Group upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, April 11th. National Bank Financial upgraded shares of Newmont to a “hold” rating in a research note on Friday, March 21st. BMO Capital Markets upgraded Newmont to a “strong-buy” rating in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group upgraded Newmont to a “strong-buy” rating in a report on Monday, January 13th.

Newmont Price Performance

NGT stock opened at C$71.14 on Friday. The business’s fifty day moving average price is C$68.74 and its 200 day moving average price is C$64.05. Newmont has a 12-month low of C$53.03 and a 12-month high of C$81.16. The company has a current ratio of 1.96, a quick ratio of 1.77 and a debt-to-equity ratio of 30.62. The company has a market capitalization of C$56.59 billion, a PE ratio of -47.00, a P/E/G ratio of 1.43 and a beta of 0.51.

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.