Newmont Co. (TSE:NGT) Receives C$125.00 Consensus Target Price from Analysts

Newmont Co. (TSE:NGT) has earned a consensus recommendation of “Strong Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, two have issued a buy rating and eleven have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$125.00.

Several equities research analysts have issued reports on the stock. Citigroup raised shares of Newmont to a “strong-buy” rating in a report on Monday, January 12th. Macquarie Infrastructure raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. Sanford C. Bernstein raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday. BNP Paribas Exane cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, DZ Bank upgraded Newmont to a “strong-buy” rating in a research note on Monday, January 19th.

Newmont Price Performance

Shares of TSE:NGT opened at C$116.00 on Friday. The firm has a market capitalization of C$127.42 billion, a PE ratio of 20.86, a PEG ratio of 1.43 and a beta of 0.90. The company has a current ratio of 1.96, a quick ratio of 1.77 and a debt-to-equity ratio of 30.62. Newmont has a 1-year low of C$53.03 and a 1-year high of C$119.73. The business’s 50 day moving average is C$116.00 and its 200-day moving average is C$113.24.

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.