Newmont Co. (TSE:NGT) Receives Consensus Rating of “Moderate Buy” from Analysts

Newmont Co. (TSE:NGT) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are currently covering the stock, Marketbeat reports. Five 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 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$56.50.

Several research analysts have commented on the company. Scotiabank downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. The Goldman Sachs Group raised Newmont to a “strong-buy” rating in a research note on Monday, January 13th. Citigroup lowered their target price on Newmont from C$66.00 to C$45.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. CLSA raised Newmont to a “hold” rating in a research note on Friday, November 29th. Finally, Cibc World Mkts downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th.

Newmont Stock Down 2.7 %

Shares of TSE NGT opened at C$65.97 on Tuesday. The company has a current ratio of 1.96, a quick ratio of 1.77 and a debt-to-equity ratio of 30.62. The company has a market cap of C$52.48 billion, a price-to-earnings ratio of -43.59, a PEG ratio of 1.43 and a beta of 0.51. Newmont has a 12 month low of C$39.96 and a 12 month high of C$81.16. The stock has a 50-day moving average price of C$58.87 and a two-hundred day moving average price of C$64.86.

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.