Newmont Co. (TSE:NGT) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Newmont Co. (TSE:NGT - Get Free Report) have earned an average rating of "Moderate Buy" from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and five have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$62.50.

Several equities research analysts have recently weighed in on the company. Stifel Canada upgraded Newmont to a "strong-buy" rating in a report on Tuesday, July 8th. UBS Group upgraded Newmont from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. BMO Capital Markets upgraded Newmont to a "strong-buy" rating in a report on Tuesday, April 15th. Cfra Research upgraded Newmont to a "strong-buy" rating in a report on Friday, April 25th. Finally, National Bank Financial upgraded Newmont to a "hold" rating in a report on Friday, March 21st.

Newmont Trading Up 1.3%

Shares of TSE NGT traded up C$1.04 during midday trading on Friday, hitting C$83.32. The company's stock had a trading volume of 158,870 shares, compared to its average volume of 225,358. 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 business's 50 day moving average is C$76.17 and its two-hundred day moving average is C$69.05. Newmont has a 12-month low of C$53.03 and a 12-month high of C$83.74. The firm has a market cap of C$66.28 billion, a P/E ratio of -55.05, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

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.