Newmont Co. (TSE:NGT – Get Free Report)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$80.91 and last traded at C$80.60, with a volume of 13800 shares traded. The stock had previously closed at C$79.54.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Cibc World Mkts upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 10th. Scotiabank raised Newmont from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 19th. Finally, Argus upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a hold rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus target price of C$68.00.
Get Our Latest Stock Analysis on NGT
Newmont Price Performance
Newmont (TSE:NGT – Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The company reported C$0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.72 by C$0.27. Newmont had a negative return on equity of 8.09% and a negative net margin of 13.29%. The company had revenue of C$6.02 billion for the quarter, compared to analyst estimates of C$4.79 billion. Research analysts anticipate that Newmont Co. 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.
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