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

Newmont Co. (TSE:NGT) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$56.50.

A number of research analysts have commented on NGT shares. Cibc World Mkts cut Newmont from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. CLSA raised Newmont to a “hold” rating in a research note on Friday, November 29th. Citigroup lowered their target price on Newmont from C$66.00 to C$45.00 and set a “buy” rating for the company in a report on Monday, December 23rd. UBS Group lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group upgraded shares of Newmont to a “strong-buy” rating in a report on Monday, January 13th.

Newmont Trading Up 3.8 %

Shares of NGT stock opened at C$66.48 on Tuesday. Newmont has a twelve month low of C$39.96 and a twelve month high of C$81.16. The stock has a market cap of C$76.45 billion, a price-to-earnings ratio of -17.54, a PEG ratio of 1.43 and a beta of 0.51. The company’s 50-day moving average price is C$58.04 and its 200-day moving average price is C$64.80. The company has a current ratio of 2.11, a quick ratio of 1.77 and a debt-to-equity ratio of 31.20.

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.