Newmont Co. (TSE:NGT) Receives C$62.50 Consensus Target Price from Brokerages

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

NGT has been the topic of a number of analyst reports. National Bank Financial upgraded shares of Newmont to a “hold” rating in a research note on Friday, March 21st. BMO Capital Markets raised shares of Newmont to a “strong-buy” rating in a research note on Tuesday, April 15th. Cfra Research upgraded Newmont to a “strong-buy” rating in a report on Friday, April 25th. National Bankshares lifted their price objective 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. Finally, UBS Group upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, April 11th.

Newmont Stock Performance

NGT stock opened at C$79.71 on Monday. Newmont has a 1 year low of C$53.03 and a 1 year high of C$81.16. The company has a market cap of C$63.41 billion, a P/E ratio of -52.66, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. The stock’s fifty day moving average price is C$74.02 and its 200-day moving average price is C$65.98.

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.