Newmont Co. (TSE:NGT) Receives C$62.50 Average Target Price from Analysts

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

Several brokerages have issued reports on NGT. National Bank Financial raised Newmont to a "hold" rating in a research report on Friday, March 21st. The Goldman Sachs Group raised Newmont to a "strong-buy" rating in a research report on Monday, January 13th. National Bankshares boosted 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. UBS Group upgraded shares of Newmont from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Finally, BMO Capital Markets raised shares of Newmont to a "strong-buy" rating in a research report on Tuesday, April 15th.

Newmont Stock Down 1.8 %

Shares of NGT traded down C$1.34 during mid-day trading on Friday, hitting C$71.26. The company's stock had a trading volume of 260,633 shares, compared to its average volume of 234,243. 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 company's 50-day moving average is C$68.55 and its 200-day moving average is C$64.08. Newmont has a 52-week low of C$53.03 and a 52-week high of C$81.16. The firm has a market capitalization of C$56.68 billion, a price-to-earnings ratio of -47.08, a PEG ratio of 1.43 and a beta of 0.51.

Newmont Company Profile

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.