Newmont Co. (TSE:NGT) Given Average Rating of “Strong Buy” by Analysts

Shares of Newmont Co. (TSE:NGT) have earned a consensus rating of “Strong Buy” from the twelve brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and nine have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$125.00.

A number of equities analysts have weighed in on NGT shares. National Bank Financial lowered Newmont from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Barclays upgraded Newmont to a “strong-buy” rating in a research report on Thursday, May 21st. Finally, Sanford C. Bernstein upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th.

Newmont Price Performance

TSE:NGT opened at C$116.00 on Monday. Newmont has a 52-week low of C$53.03 and a 52-week high of C$119.73. The stock has a fifty day moving average of C$116.00 and a 200 day moving average of C$116.00. The company has a debt-to-equity ratio of 23.69, a quick ratio of 1.77 and a current ratio of 2.23. The firm has a market capitalization of C$127.42 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 1.43 and a beta of 0.90.

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.