Newmont Co. (TSE:NGT) Given Average Rating of “Moderate Buy” by Analysts

Shares of Newmont Co. (TSE:NGT) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$56.50.

Several brokerages recently weighed in on NGT. The Goldman Sachs Group raised Newmont to a “strong-buy” rating in a report on Monday, January 13th. UBS Group lowered Newmont from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Scotiabank lowered Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Cibc World Mkts lowered Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, CLSA raised Newmont to a “hold” rating in a report on Friday, November 29th.

Newmont Trading Up 0.6 %

Shares of Newmont stock opened at C$60.28 on Friday. Newmont has a 1 year low of C$39.96 and a 1 year high of C$81.16. The firm has a market cap of C$69.32 billion, a PE ratio of -15.91, a P/E/G ratio of 1.43 and a beta of 0.51. The stock has a fifty day moving average price of C$57.35 and a 200-day moving average price of C$64.95. The company has a debt-to-equity ratio of 31.20, a current ratio of 2.11 and a quick ratio of 1.77.

Newmont (TSE:NGT) last announced its earnings results on Wednesday, October 23rd. The company reported C$1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.07 by C$0.04. Newmont had a negative return on equity of 8.09% and a negative net margin of 13.29%. The firm had revenue of C$6.28 billion during the quarter, compared to analyst estimates of C$5.79 billion. Equities research analysts anticipate that Newmont will post 5.509887 EPS for the current year.

Newmont Company Profile

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.