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

Shares of Newmont Co. (TSE:NGT) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$56.50.

A number of analysts recently weighed in on NGT shares. Scotiabank lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. The Goldman Sachs Group raised shares of Newmont to a “strong-buy” rating in a research report on Monday, January 13th. Citigroup reduced their price objective on shares of Newmont from C$66.00 to C$45.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. UBS Group lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, CLSA raised shares of Newmont to a “hold” rating in a research report on Friday, November 29th.

Newmont Stock Down 2.7 %

Shares of TSE NGT opened at C$65.97 on Tuesday. The firm’s 50-day moving average price is C$58.87 and its 200-day moving average price is C$64.85. 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 stock has a market capitalization of C$52.48 billion, a price-to-earnings ratio of -43.59, a P/E/G 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.

About Newmont

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.