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

Newmont Co. (TSE:NGT – Get Free Report)’s stock price dropped 1.1% during trading on Wednesday. The company traded as low as C$115.79 and last traded at C$116.00. 293,766 shares traded hands during trading, an increase of 22% from the average daily volume of 240,366 shares. The stock had previously closed at C$117.24.

Newmont Price Performance

The company has a debt-to-equity ratio of 23.69, a quick ratio of 1.76 and a current ratio of 2.23. The company has a fifty day simple moving average of C$116.00 and a two-hundred day simple moving average of C$116.00. The stock has a market capitalization of C$127.42 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.43 and a beta of 0.90.

About Newmont

(Get Free Report)

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.

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