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

Shares of Newmont Co. (TSE:NGT) have earned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$56.50.

NGT has been the subject of several research analyst reports. CLSA raised Newmont to a “hold” rating in a research note on Friday, November 29th. Citigroup dropped their price target on Newmont from C$66.00 to C$45.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Finally, The Goldman Sachs Group upgraded shares of Newmont to a “strong-buy” rating in a research report on Monday, January 13th.

Newmont Stock Up 0.2 %

Shares of TSE NGT opened at C$62.73 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.96 and a debt-to-equity ratio of 30.62. The company has a market cap of C$49.90 billion, a P/E ratio of -41.45, a P/E/G ratio of 1.43 and a beta of 0.51. Newmont has a 52 week low of C$45.17 and a 52 week high of C$81.16. The business has a 50-day simple moving average of C$61.57 and a two-hundred day simple moving average of C$64.33.

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.