Newmont (TSE:NGT - Get Free Report) had its target price dropped by equities researchers at Citigroup from C$66.00 to C$45.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price objective would indicate a potential downside of 17.94% from the stock's previous close.
Other research analysts have also issued reports about the company. Scotiabank lowered Newmont from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 25th. UBS Group cut Newmont from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 30th. CLSA upgraded shares of Newmont to a "hold" rating in a report on Friday, November 29th. Cibc World Mkts lowered shares of Newmont from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 28th. Finally, Argus raised shares of Newmont from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$56.50.
Check Out Our Latest Research Report on Newmont
Newmont Trading Down 0.5 %
TSE NGT traded down C$0.28 on Monday, reaching C$54.84. 198,872 shares of the company were exchanged, compared to its average volume of 212,492. Newmont has a fifty-two week low of C$39.96 and a fifty-two week high of C$81.16. The stock has a market capitalization of C$63.07 billion, a P/E ratio of -14.47, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The business's fifty day moving average price is C$63.60 and its 200 day moving average price is C$65.05. The company has a current ratio of 2.11, a quick ratio of 1.77 and a debt-to-equity ratio of 31.20.
Newmont (TSE:NGT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported C$1.11 earnings per share for the quarter, beating the consensus estimate of C$1.07 by C$0.04. Newmont had a negative net margin of 13.29% and a negative return on equity of 8.09%. The firm had revenue of C$6.28 billion for the quarter, compared to analysts' expectations of C$5.79 billion. Analysts forecast that Newmont will post 5.509887 earnings per share for the current year.
About Newmont
(
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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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