Newmont (TSE:NGT - Get Free Report) had its price target decreased by research analysts at National Bankshares from C$71.00 to C$69.00 in a report released on Friday, BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price target indicates a potential upside of 28.52% from the stock's current price.
Separately, National Bank Financial reissued an "outperform overweight" rating on shares of Newmont in a report on Monday, April 8th.
Check Out Our Latest Research Report on Newmont
Newmont Stock Performance
TSE:NGT traded up C$0.63 during mid-day trading on Friday, hitting C$53.69. 156,150 shares of the stock were exchanged, compared to its average volume of 243,941. The stock has a market capitalization of C$61.74 billion, a price-to-earnings ratio of -13.06, a price-to-earnings-growth ratio of 0.78 and a beta of 0.54. The firm's 50-day simple moving average is C$47.08 and its 200 day simple moving average is C$49.91. The company has a debt-to-equity ratio of 32.67, a quick ratio of 1.77 and a current ratio of 1.25. Newmont has a fifty-two week low of C$39.96 and a fifty-two week high of C$68.15.
Newmont (TSE:NGT - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.68 earnings per share for the quarter, missing the consensus estimate of C$0.70 by C($0.02). The firm had revenue of C$5.39 billion for the quarter, compared to analyst estimates of C$4.37 billion. Newmont had a negative return on equity of 10.23% and a negative net margin of 21.11%. As a group, equities analysts anticipate that Newmont will post 3.4813847 EPS for the current fiscal year.
Newmont Company Profile
(
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Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.
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