Analysts Set Newmont Co. (TSE:NGT) PT at C$56.50

Shares of Newmont Co. (TSE:NGT) have earned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$56.50.

A number of equities analysts recently weighed in on the stock. Citigroup lowered 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 report on Monday, December 23rd. Cibc World Mkts cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. UBS Group cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group raised shares of Newmont to a “strong-buy” rating in a research report on Monday, January 13th. Finally, Scotiabank cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th.

Newmont Stock Performance

Shares of NGT opened at C$60.28 on Friday. The company has a debt-to-equity ratio of 31.20, a quick ratio of 1.77 and a current ratio of 2.11. Newmont has a twelve month low of C$39.96 and a twelve month high of C$81.16. The firm’s 50 day moving average price is C$57.35 and its two-hundred day moving average price is C$64.95. The firm has a market cap of C$69.32 billion, a P/E ratio of -15.91, a PEG ratio of 1.43 and a beta of 0.51.

Newmont (TSE:NGT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported C$1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.07 by C$0.04. The company had revenue of C$6.28 billion for the quarter, compared to the consensus estimate of C$5.79 billion. Newmont had a negative net margin of 13.29% and a negative return on equity of 8.09%. On average, analysts forecast that Newmont will post 5.509887 EPS for the current fiscal year.

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.