Newmont Co. (TSE:NGT - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$83.85 and last traded at C$83.58, with a volume of 87012 shares trading hands. The stock had previously closed at C$81.92.
Wall Street Analyst Weigh In
NGT has been the subject of a number of research analyst reports. Cfra Research upgraded Newmont to a "strong-buy" rating in a report on Friday, April 25th. UBS Group raised Newmont from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. BMO Capital Markets upgraded Newmont to a "strong-buy" rating in a research note on Tuesday, April 15th. The Goldman Sachs Group cut Newmont from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Finally, Stifel Canada raised Newmont to a "strong-buy" rating in a 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$62.50.
Check Out Our Latest Stock Analysis on NGT
Newmont Stock Performance
The business has a 50 day moving average price of C$77.37 and a two-hundred day moving average price of C$70.14. The stock has a market cap of C$66.60 billion, a P/E ratio of -55.32, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company has a quick ratio of 1.77, a current ratio of 1.96 and a debt-to-equity ratio of 30.62.
About Newmont
(
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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
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