Newmont Co. (TSE:NGT) Receives C$125.00 Consensus Target Price from Analysts

Shares of Newmont Co. (TSE:NGT) have received a consensus rating of “Strong Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and ten have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$125.00.

A number of research analysts have commented on NGT shares. Citigroup raised shares of Newmont to a “strong-buy” rating in a research report on Monday, January 12th. BNP Paribas Exane lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Macquarie Infrastructure raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. Finally, DZ Bank raised Newmont to a “strong-buy” rating in a research report on Monday, January 19th.

Newmont Price Performance

Newmont stock opened at C$116.00 on Friday. Newmont has a 12-month low of C$53.03 and a 12-month high of C$119.73. 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 firm has a 50-day moving average price of C$116.00 and a 200-day moving average price of C$112.90. The firm 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.

About Newmont

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.