Newmont (TSE:NGT) Stock Price Down 1.1% – Here’s Why

Newmont Co. (TSE:NGT) fell 1.1% during trading on Tuesday . The company traded as low as C$115.79 and last traded at C$116.00. 293,766 shares were traded during mid-day trading, an increase of 22% from the average daily volume of 240,366 shares. The stock had previously closed at C$117.24.

Analyst Ratings Changes

Several 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 raised Newmont to a “strong-buy” rating in a research note on Thursday, May 21st. Eight analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Newmont presently has a consensus rating of “Strong Buy” and a consensus price target of C$125.00.

Newmont Trading Down 1.1%

The business’s 50-day moving average price is C$116.00 and its two-hundred day moving average price is C$116.00. The company has a market capitalization of C$127.42 billion, a P/E ratio of 20.86, a PEG ratio of 1.43 and a beta of 0.90. The company has a debt-to-equity ratio of 23.69, a current ratio of 2.23 and a quick ratio of 1.76.

Newmont Company Profile

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.