BNP Paribas downgraded shares of Newmont (TSE:NGT - Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday, September 4th,Zacks.com reports.
Several other research analysts have also recently weighed in on the company. Macquarie cut Newmont from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. Stifel Canada raised Newmont to a "strong-buy" rating in a research report on Tuesday, July 8th. National Bank Financial raised Newmont from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 25th. Finally, The Goldman Sachs Group cut Newmont from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Five investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$62.50.
Get Our Latest Research Report on Newmont
Newmont Trading Up 0.7%
TSE:NGT traded up C$0.73 on Thursday, reaching C$109.53. The company's stock had a trading volume of 183,941 shares, compared to its average volume of 234,620. Newmont has a 1-year low of C$53.03 and a 1-year high of C$109.57. The company has a debt-to-equity ratio of 30.62, a quick ratio of 1.77 and a current ratio of 1.96. The firm has a market cap of C$120.31 billion, a PE ratio of 19.70, a PEG ratio of 1.43 and a beta of 0.90. The business's 50-day moving average price is C$91.67 and its two-hundred day moving average price is C$78.45.
About Newmont
(
Get Free Report)
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.
Recommended Stories

Before you consider Newmont, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Newmont wasn't on the list.
While Newmont currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here

We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.