National Bank Financial Reiterates Outperform Overweight Rating for Newmont (TSE:NGT)

Newmont (TSE:NGT)‘s stock had its “outperform overweight” rating reiterated by stock analysts at National Bank Financial in a research note issued on Monday, Zacks.com reports.

Separately, National Bankshares reduced their price objective on Newmont from C$65.00 to C$64.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th.

Newmont Price Performance

Shares of TSE NGT opened at C$53.51 on Monday. The firm has a 50-day simple moving average of C$46.31 and a 200-day simple moving average of C$49.86. The company has a quick ratio of 1.77, a current ratio of 1.25 and a debt-to-equity ratio of 32.67. The stock has a market capitalization of C$61.54 billion, a price-to-earnings ratio of -13.15, a price-to-earnings-growth ratio of 0.78 and a beta of 0.54. Newmont has a 52 week low of C$39.96 and a 52 week high of C$68.78.

Newmont (TSE:NGT) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.68 EPS for the quarter, missing analysts’ consensus estimates of C$0.70 by C($0.02). Newmont had a negative net margin of 21.11% and a negative return on equity of 10.23%. The business had revenue of C$5.39 billion during the quarter, compared to analyst estimates of C$4.37 billion. On average, equities analysts predict that Newmont will post 3.628533 earnings per share 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.