Newmont Co. (TSE:NGT) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Newmont Co. has received an average rating of "Buy" from twelve research firms, with six analysts issuing a strong buy recommendation.
• The average 12-month price target set by brokerages is C$62.50, despite the stock currently trading at C$86.37.
• Newmont operates primarily as a gold producer with assets spread across multiple countries, including the US, Canada, and Ghana.

Newmont Co. (TSE:NGT - Get Free Report) has been assigned an average rating of "Buy" from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, one has given a buy recommendation and six have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$62.50.

NGT has been the subject of several analyst reports. Cfra Research raised Newmont to a "strong-buy" rating in a research note on Friday, April 25th. National Bank Financial raised Newmont from a "hold" rating to a "strong-buy" rating in a report on Friday, July 25th. Stifel Canada upgraded Newmont to a "strong-buy" rating in a research note on Tuesday, July 8th. UBS Group upgraded shares of Newmont from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Finally, BMO Capital Markets raised shares of Newmont to a "strong-buy" rating in a research note on Tuesday, April 15th.

Newmont Trading Up 0.4%

NGT opened at C$86.37 on Tuesday. The company has a debt-to-equity ratio of 30.62, a quick ratio of 1.77 and a current ratio of 1.96. Newmont has a one year low of C$53.03 and a one year high of C$91.00. The company has a market cap of C$68.70 billion, a P/E ratio of -57.06, a PEG ratio of 1.43 and a beta of 0.51. The business's 50-day simple moving average is C$79.76 and its 200-day simple moving average is C$71.98.

About Newmont

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.

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