Newmont (TSE:NGT) Stock Price Down 1.1% – Should You Sell?
by Kim Johansen · The Markets DailyNewmont Co. (TSE:NGT – Get Free Report) shares fell 1.1% on Monday . The company traded as low as C$115.79 and last traded at C$116.00. 293,766 shares were traded during trading, an increase of 22% from the average session volume of 240,366 shares. The stock had previously closed at C$117.24.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. National Bank Financial lowered Newmont from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Barclays raised Newmont to a “strong-buy” rating in a research note on Thursday, May 21st. Finally, Sanford C. Bernstein upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Nine investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Newmont has an average rating of “Strong Buy” and an average target price of C$125.00.
Check Out Our Latest Report on Newmont
Newmont Stock Performance
The stock has a market cap 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 has a debt-to-equity ratio of 23.69, a quick ratio of 1.76 and a current ratio of 2.23. The company’s 50 day simple moving average is C$116.00 and its 200 day simple moving average is C$116.00.
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.