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

Key Points

• Newmont Co. has received a consensus rating of "Moderate Buy" from fourteen ratings firms, with six analysts rating it a hold, three a buy, and five a strong buy.
• The average one-year target price for Newmont shares among analysts is C$85.00, with some brokerages adjusting their ratings and price targets recently.
• Newmont operates primarily as a gold producer across several countries, having a market cap of C$128.78 billion and showing a 52-week high of C$119.73.

Newmont Co. (TSE:NGT - Get Free Report) has received a consensus rating of "Moderate Buy" from the fourteen ratings firms that are covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating, three have given a buy rating and five have assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$85.00.

Several brokerages recently weighed in on NGT. Royal Bank Of Canada raised shares of Newmont from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, September 10th. National Bankshares raised their price target on shares of Newmont from C$110.00 to C$125.00 and gave the company an "outperform" rating in a research report on Monday. Macquarie cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. National Bank Financial raised shares of Newmont from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 25th. Finally, The Goldman Sachs Group cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th.

Newmont Price Performance

Shares of TSE NGT opened at C$117.24 on Wednesday. Newmont has a fifty-two week low of C$53.03 and a fifty-two week high of C$119.73. The stock has a market cap of C$128.78 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 1.43 and a beta of 0.90. The company has a debt-to-equity ratio of 30.62, a quick ratio of 1.77 and a current ratio of 1.96. The firm's 50-day simple moving average is C$97.05 and its 200 day simple moving average is C$81.62.

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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