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

Newmont Co. (TSE:NGT - Get Free Report) has received a consensus rating of "Buy" from the twelve research firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and six have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$62.50.

Several brokerages have weighed in on NGT. Cfra Research raised shares of Newmont to a "strong-buy" rating in a research note on Friday, April 25th. National Bankshares increased their target price on Newmont from C$75.00 to C$80.00 and gave the company a "sector perform" rating in a research note on Wednesday, March 19th. UBS Group upgraded Newmont from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. National Bank Financial upgraded shares of Newmont to a "hold" rating in a report on Friday, March 21st. Finally, BMO Capital Markets raised Newmont to a "strong-buy" rating in a research report on Tuesday, April 15th.

Newmont Stock Performance

NGT traded up C$0.61 during trading on Thursday, reaching C$73.61. 113,513 shares of the company's stock were exchanged, compared to its average volume of 230,244. The company has a market capitalization of C$58.55 billion, a P/E ratio of -48.63, a PEG ratio of 1.43 and a beta of 0.51. 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 business has a 50 day moving average price of C$71.35 and a 200 day moving average price of C$64.09. Newmont has a fifty-two week low of C$53.03 and a fifty-two week high of C$81.16.

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.