Newmont Co. (TSE:NGT) Given Average Rating of “Strong Buy” by Brokerages

Newmont Co. (TSE:NGT) has been given an average rating of “Strong Buy” by the eleven brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and eight have issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$125.00.

Separately, Barclays raised shares of Newmont to a “strong-buy” rating in a research report on Thursday, May 21st.

Newmont Stock Performance

TSE:NGT opened at C$116.00 on Friday. The company has a debt-to-equity ratio of 23.69, a current ratio of 2.23 and a quick ratio of 1.76. The firm has a market capitalization of C$127.42 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.43 and a beta of 0.90. The company’s 50-day moving average is C$116.00 and its two-hundred day moving average is C$116.00. Newmont has a 1-year low of C$53.03 and a 1-year high of C$119.73.

About Newmont

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.