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

Newmont Co. (TSE:NGT) has received an average recommendation of “Strong Buy” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and nine have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$125.00.

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

Newmont Stock Performance

NGT opened at C$116.00 on Monday. The company has a current ratio of 2.23, a quick ratio of 1.77 and a debt-to-equity ratio of 23.69. The company’s fifty day moving average price is C$116.00 and its two-hundred day moving average price is C$116.00. Newmont has a 1-year low of C$53.03 and a 1-year high of C$119.73. The company has a market cap 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

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.