Newmont Co. (TSE:NGT - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$83.85 and last traded at C$83.58, with a volume of 87012 shares. The stock had previously closed at C$81.92.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on NGT shares. The Goldman Sachs Group lowered shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. BMO Capital Markets raised shares of Newmont to a "strong-buy" rating in a research report on Tuesday, April 15th. UBS Group raised shares of Newmont from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Cfra Research raised shares of Newmont to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Stifel Canada raised shares of Newmont to a "strong-buy" rating in a research report on Tuesday, July 8th. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat.com, Newmont presently has an average rating of "Moderate Buy" and a consensus target price of C$62.50.
Check Out Our Latest Stock Report on NGT
Newmont Price Performance
The company has a market capitalization of C$66.81 billion, a price-to-earnings ratio of -55.49, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company has a 50-day moving average price of C$76.56 and a 200-day moving average price of C$69.77. The company has a debt-to-equity ratio of 30.62, a quick ratio of 1.77 and a current ratio of 1.96.
About Newmont
(
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.
Featured Articles
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.
Before you consider Newmont, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Newmont wasn't on the list.
While Newmont currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
