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Newmont Co. (TSE:NGT) Given Average Recommendation of "Moderate 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 "Moderate Buy" by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, one has given a buy recommendation and five have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$62.50.

Several equities research analysts recently commented on NGT shares. The Goldman Sachs Group downgraded Newmont from a "strong-buy" rating to a "hold" rating in a report on Tuesday. National Bank Financial upgraded Newmont to a "hold" rating in a research note on Friday, March 21st. BMO Capital Markets upgraded Newmont to a "strong-buy" rating in a research note on Tuesday, April 15th. National Bankshares raised their price objective on Newmont from C$75.00 to C$80.00 and gave the company a "sector perform" rating in a research note on Wednesday, March 19th. Finally, UBS Group upgraded Newmont from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th.

Get Our Latest Stock Report on Newmont

Newmont Stock Up 0.7%

Shares of TSE:NGT traded up C$0.61 during mid-day trading on Friday, hitting C$82.28. 183,548 shares of the company traded hands, compared to its average volume of 225,858. The firm has a market cap of C$65.45 billion, a P/E ratio of -54.36, a PEG ratio of 1.43 and a beta of 0.51. 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 52-week low of C$53.03 and a 52-week high of C$82.88. The firm's 50 day simple moving average is C$75.74 and its 200 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.

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Analyst Recommendations for Newmont (TSE:NGT)

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