Brokerages Set Newmont Co. (TSE:NGT) Price Target at C$56.50

Shares of Newmont Co. (TSE:NGT - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine research firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given 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.

NGT has been the subject of a number of research analyst reports. Citigroup cut their price target on Newmont from C$66.00 to C$45.00 and set a "buy" rating for the company in a report on Monday, December 23rd. CLSA raised shares of Newmont to a "hold" rating in a research note on Friday, November 29th. Finally, The Goldman Sachs Group upgraded shares of Newmont to a "strong-buy" rating in a research report on Monday, January 13th.

Newmont Price Performance

NGT traded up C$1.35 during trading on Friday, hitting C$62.58. The company's stock had a trading volume of 187,968 shares, compared to its average volume of 209,644. The company has a quick ratio of 1.77, a current ratio of 1.96 and a debt-to-equity ratio of 30.62. The stock has a market capitalization of C$49.78 billion, a price-to-earnings ratio of -41.35, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The firm's 50 day moving average price is C$61.20 and its two-hundred day moving average price is C$64.44. Newmont has a 12 month low of C$45.17 and a 12 month high of C$81.16.

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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.