Newmont (TSE:NGT - Get Free Report) was downgraded by investment analysts at The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports.
NGT has been the topic of several other reports. BMO Capital Markets upgraded Newmont to a "strong-buy" rating in a research report on Tuesday, April 15th. National Bank Financial upgraded Newmont to a "hold" rating in a research report on Friday, March 21st. UBS Group upgraded Newmont from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. National Bankshares increased their price objective on Newmont from C$75.00 to C$80.00 and gave the company a "sector perform" rating in a research report on Wednesday, March 19th. Finally, Cfra Research upgraded Newmont to a "strong-buy" rating in a research report on Friday, April 25th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and five have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$62.50.
View Our Latest Report on Newmont
Newmont Price Performance
TSE NGT traded up C$1.24 during trading on Tuesday, reaching C$81.67. The company's stock had a trading volume of 223,175 shares, compared to its average volume of 226,178. The stock has a market capitalization of C$64.96 billion, a PE ratio of -53.96, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. The firm has a fifty day moving average of C$75.53 and a 200 day moving average of C$68.28. Newmont has a one year low of C$53.03 and a one year high of C$82.88.
About Newmont
(
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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.
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