Brokerages Set Newmont Co. (TSE:NGT) Target Price at C$125.00

Newmont Co. (TSE:NGT) has received an average recommendation of “Strong Buy” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and eight have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$125.00.

Several equities analysts have recently issued reports on NGT shares. Barclays upgraded Newmont to a “strong-buy” rating in a research note on Thursday, May 21st. National Bank Financial downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th.

Newmont Price Performance

The company has a market capitalization of C$127.42 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.90. Newmont has a twelve month low of C$53.03 and a twelve month high of C$119.73. The company has a current ratio of 2.23, a quick ratio of 1.76 and a debt-to-equity ratio of 23.69. The firm has a 50 day moving average price of C$116.00 and a 200-day moving average price of C$116.00.

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.