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

Newmont Co. (TSE:NGT) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$62.50.

A number of equities research analysts have issued reports on the company. Citigroup reduced their price target on Newmont from C$66.00 to C$45.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. National Bankshares upped their target price 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. National Bank Financial upgraded shares of Newmont to a “hold” rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group upgraded shares of Newmont to a “strong-buy” rating in a research note on Monday, January 13th.

Newmont Stock Down 0.5 %

Shares of TSE NGT opened at C$69.11 on Wednesday. The stock has a market cap of C$54.97 billion, a P/E ratio of -45.66, a PEG ratio of 1.43 and a beta of 0.51. The business’s fifty day simple moving average is C$64.56 and its 200-day simple moving average is C$64.11. Newmont has a 12-month low of C$49.49 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.

About Newmont

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.