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

Shares of Newmont Co. (TSE:NGT) have earned a consensus rating of “Strong Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and nine have given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$125.00.

NGT has been the subject of a number of recent analyst reports. National Bank Financial cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Barclays upgraded shares of Newmont to a “strong-buy” rating in a research report on Thursday, May 21st.

Newmont Price Performance

NGT opened at C$116.00 on Friday. The company has a quick ratio of 1.77, a current ratio of 2.23 and a debt-to-equity ratio of 23.69. Newmont has a 12 month low of C$53.03 and a 12 month high of C$119.73. The company has a fifty day simple moving average of C$116.00 and a 200 day simple moving average of C$116.00. The stock has a market cap of C$127.42 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.43 and a beta of 0.90.

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.