Newmont Co. (TSE:NGT) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Newmont Co. (TSE:NGT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine research firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$56.50.

NGT has been the topic of a number of recent research reports. CLSA raised shares of Newmont to a "hold" rating in a research report on Friday, November 29th. UBS Group cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Scotiabank cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 25th. Citigroup reduced their target price 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. Finally, Cibc World Mkts cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 28th.

Newmont Trading Down 2.7 %

NGT stock traded down C$1.81 during midday trading on Tuesday, reaching C$65.97. 285,836 shares of the company's stock traded hands, compared to its average volume of 206,073. The company has a market capitalization of C$52.48 billion, a P/E ratio of -43.59, a PEG ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. Newmont has a fifty-two week low of C$39.96 and a fifty-two week high of C$81.16. The business has a 50-day moving average price of C$58.70 and a two-hundred day moving average price of C$64.85.

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.