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Newmont Co. (TSE:NGT) Given Consensus Recommendation of "Buy" by Analysts

Newmont logo with Basic Materials background

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

Several brokerages have recently weighed in on NGT. Cfra Research upgraded Newmont to a "strong-buy" rating in a research report on Friday, April 25th. National Bankshares upped their target price on shares of Newmont from C$75.00 to C$80.00 and gave the stock a "sector perform" rating in a report on Wednesday, March 19th. National Bank Financial raised shares of Newmont to a "hold" rating in a report on Friday, March 21st. The Goldman Sachs Group upgraded Newmont to a "strong-buy" rating in a research report on Monday, January 13th. Finally, UBS Group raised shares of Newmont from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th.

Get Our Latest Stock Analysis on NGT

Newmont Stock Performance

Shares of TSE NGT traded down C$0.74 during midday trading on Friday, hitting C$72.55. The company's stock had a trading volume of 99,675 shares, compared to its average volume of 232,243. The firm has a market capitalization of C$57.71 billion, a price-to-earnings ratio of -47.93, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a current ratio of 1.96, a quick ratio of 1.77 and a debt-to-equity ratio of 30.62. The stock has a fifty day moving average price of C$68.22 and a 200 day moving average price of C$64.04. Newmont has a one year low of C$53.03 and a one year high of C$81.16.

Newmont Company Profile

(Get Free Report

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.

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Analyst Recommendations for Newmont (TSE:NGT)

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