Brokerages Set Newmont Co. (TSE:NGT) PT at C$62.50

Key Points

• Newmont Co. has received a consensus recommendation of "Buy" from eleven research firms, with an average 12-month target price of C$62.50.
• Recent analyst activity included upgrades from National Bank Financial and Stifel Canada to "strong-buy", while Goldman Sachs lowered their rating to "hold".
• The company, primarily a gold producer, has a market capitalization of C$112.25 billion and a current stock price of C$102.19.

Shares of Newmont Co. (TSE:NGT - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twelve brokerages that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and five have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$62.50.

A number of research firms recently commented on NGT. Stifel Canada raised Newmont to a "strong-buy" rating in a research note on Tuesday, July 8th. National Bank Financial raised Newmont from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 25th. The Goldman Sachs Group lowered Newmont from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Finally, Macquarie lowered Newmont from a "strong-buy" rating to a "hold" rating in a research note on Tuesday.

Newmont Price Performance

Shares of NGT traded down C$0.48 during trading hours on Friday, reaching C$103.56. 168,304 shares of the company traded hands, compared to its average volume of 235,268. 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 stock has a market capitalization of C$113.76 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.43 and a beta of 0.84. Newmont has a fifty-two week low of C$53.03 and a fifty-two week high of C$105.51. The stock has a fifty day simple moving average of C$89.54 and a 200 day simple moving average of C$77.37.

Newmont Company Profile

Newmont Corp is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. It is also engaged in the production of copper, silver, lead and zinc. The company's operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada.