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 note issued to investors on Tuesday,Zacks.com reports.
A number of other research analysts also recently weighed in on NGT. Cfra Research raised Newmont to a "strong-buy" rating in a research note on Friday, April 25th. UBS Group raised Newmont from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. National Bank Financial raised Newmont to a "hold" rating in a research note on Friday, March 21st. BMO Capital Markets raised Newmont to a "strong-buy" rating in a report on Tuesday, April 15th. Finally, National Bankshares boosted their price objective on Newmont from C$75.00 to C$80.00 and gave the stock a "sector perform" rating in a report on Wednesday, March 19th. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and five have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$62.50.
Check Out Our Latest Stock Report on NGT
Newmont Stock Up 0.7%
NGT stock traded up C$0.61 during trading on Tuesday, reaching C$82.28. 183,548 shares of the stock were exchanged, compared to its average volume of 225,858. The firm's 50 day moving average is C$75.74 and its 200 day moving average is C$68.47. Newmont has a twelve month low of C$53.03 and a twelve month high of C$82.88. The company has a current ratio of 1.96, a quick ratio of 1.77 and a debt-to-equity ratio of 30.62. The firm has a market cap of C$65.45 billion, a P/E ratio of -54.36, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.
Newmont Company Profile
(
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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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