Brokerages Set Newmont Co. (TSE:NGT) Price Target at C$125.00

Newmont Co. (TSE:NGT) has been given a consensus recommendation of “Strong Buy” by the twelve brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and nine have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$125.00.

A number of analysts have recently issued reports on the stock. Citigroup upgraded shares of Newmont to a “strong-buy” rating in a research note on Monday, January 12th. DZ Bank upgraded shares of Newmont to a “strong-buy” rating in a research note on Monday, January 19th. Finally, Sanford C. Bernstein upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th.

Newmont Stock Performance

Shares of NGT stock opened at C$116.00 on Friday. The stock has a market cap of C$127.42 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.43 and a beta of 0.90. The company has a debt-to-equity ratio of 23.69, a current ratio of 2.23 and a quick ratio of 1.77. The company has a fifty day moving average price of C$116.00 and a two-hundred day moving average price of C$116.00. Newmont has a one year low of C$53.03 and a one year high of C$119.73.

Newmont Company Profile

Newmont Corp is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. It is also engaged in the production of copper, silver, lead and zinc. The company’s operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada.