Newmont (TSE:NGT - Get Free Report) was downgraded by equities researchers at The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report issued on Tuesday,Zacks.com reports.
Other equities analysts have also issued research reports about the stock. Cfra Research raised shares of Newmont to a "strong-buy" rating in a report on Friday, April 25th. BMO Capital Markets raised shares of Newmont to a "strong-buy" rating in a report on Tuesday, April 15th. UBS Group raised shares of Newmont from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. National Bankshares increased their target price 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. Finally, National Bank Financial raised shares of Newmont to a "hold" rating in a report on Friday, March 21st. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$62.50.
Read Our Latest Stock Analysis on NGT
Newmont Stock Up 2.0%
NGT stock traded up C$1.55 during trading on Tuesday, reaching C$80.43. The stock had a trading volume of 210,207 shares, compared to its average volume of 226,201. Newmont has a one year low of C$53.03 and a one year high of C$82.88. The company's 50 day moving average is C$75.38 and its two-hundred day moving average is C$68.20. The company has a market capitalization of C$63.98 billion, a price-to-earnings ratio of -53.14, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a quick ratio of 1.77, a current ratio of 1.96 and a debt-to-equity ratio of 30.62.
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.
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