Brokerages Set Newmont Co. (TSE:NGT) Price Target at C$125.00

Newmont Co. (TSE:NGT) has received a consensus recommendation of “Strong Buy” from the eleven brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and eight have issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$125.00.

Separately, Barclays upgraded Newmont to a “strong-buy” rating in a research report on Thursday, May 21st.

Newmont Stock Performance

TSE NGT opened at C$116.00 on Friday. 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 52-week low of C$53.03 and a 52-week high of C$119.73. The business’s 50-day moving average price is C$116.00 and its 200 day moving average price is C$116.00. The company has a quick ratio of 1.76, a current ratio of 2.23 and a debt-to-equity ratio of 23.69.

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.