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

Newmont logo with Basic Materials background

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

Several equities research analysts recently weighed in on NGT shares. Cfra Research upgraded Newmont to a "strong-buy" rating in a research note on Friday, April 25th. Stifel Canada upgraded Newmont to a "strong-buy" rating in a research note on Tuesday. UBS Group upgraded Newmont from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. BMO Capital Markets raised Newmont to a "strong-buy" rating in a report on Tuesday, April 15th. Finally, National Bank Financial raised Newmont to a "hold" rating in a research note on Friday, March 21st.

Read Our Latest Stock Report on Newmont

Newmont Price Performance

Shares of TSE:NGT opened at C$81.67 on Friday. The company has a market capitalization of C$64.96 billion, a P/E ratio of -53.96, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. Newmont has a 1-year low of C$53.03 and a 1-year high of C$82.88. The firm's 50 day simple moving average is C$75.74 and its two-hundred day simple moving average is C$68.47.

Newmont Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Newmont (TSE:NGT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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