UBS Group upgraded shares of Newmont (TSE:NGT - Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Friday,Zacks.com reports.
Several other equities research analysts have also commented on NGT. National Bankshares upped their price target on shares of Newmont from C$75.00 to C$80.00 and gave the company a "sector perform" rating in a report on Wednesday, March 19th. The Goldman Sachs Group upgraded shares of Newmont to a "strong-buy" rating in a research report on Monday, January 13th. National Bank Financial raised shares of Newmont to a "hold" rating in a report on Friday, March 21st. Finally, Citigroup decreased their price objective 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. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and five have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$62.50.
Read Our Latest Stock Analysis on NGT
Newmont Stock Performance
TSE:NGT traded down C$1.03 during midday trading on Friday, hitting C$76.48. The company's stock had a trading volume of 153,472 shares, compared to its average volume of 230,199. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. Newmont has a fifty-two week low of C$50.27 and a fifty-two week high of C$81.16. The firm's 50 day moving average is C$66.68 and its 200-day moving average is C$63.87. The firm has a market cap of C$60.84 billion, a P/E ratio of -50.53, a P/E/G ratio of 1.43 and a beta of 0.51.
Newmont Company Profile
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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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