Newmont (TSE:NGT) Upgraded at Royal Bank Of Canada

Key Points

• Newmont has been upgraded from a "hold" to a "moderate buy" rating by Royal Bank of Canada, amidst mixed reviews from other analysts.
• The stock price of Newmont rose by 3.4%, currently trading at C$108.80, with a market capitalization of C$119.51 billion.
• Analysts' ratings for Newmont vary, with five giving it a "strong buy," two a "buy," and seven a "hold," while the consensus price target is C$62.50.

Newmont (TSE:NGT - Get Free Report) was upgraded by Royal Bank Of Canada from a "hold" rating to a "moderate buy" rating in a research report issued on Wednesday,Zacks.com reports.

Several other research analysts have also commented on the company. Macquarie lowered Newmont from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. The Goldman Sachs Group lowered Newmont from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. National Bank Financial upgraded Newmont from a "hold" rating to a "strong-buy" rating in a report on Friday, July 25th. BNP Paribas lowered Newmont from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 4th. Finally, Stifel Canada upgraded Newmont to a "strong-buy" rating in a report on Tuesday, July 8th. Five research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$62.50.

Newmont Stock Up 3.4%

TSE NGT opened at C$108.80 on Wednesday. Newmont has a 52 week low of C$53.03 and a 52 week high of C$109.20. The company has a quick ratio of 1.77, a current ratio of 1.96 and a debt-to-equity ratio of 30.62. The business's fifty day simple moving average is C$91.67 and its 200-day simple moving average is C$78.45. The firm has a market cap of C$119.51 billion, a PE ratio of 19.57, a P/E/G ratio of 1.43 and a beta of 0.90.

Newmont Company Profile

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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