Newmont (TSE:NGT) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Newmont (TSE:NGT - Free Report) to a strong-buy rating in a research report released on Tuesday, April 15th,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group upgraded Newmont to a "strong-buy" rating in a report on Monday, January 13th. National Bank Financial upgraded shares of Newmont to a "hold" rating in a research report on Friday, March 21st. Citigroup lowered their price objective on shares of Newmont from C$66.00 to C$45.00 and set a "buy" rating for the company in a report on Monday, December 23rd. National Bankshares lifted their target price on shares of Newmont from C$75.00 to C$80.00 and gave the stock a "sector perform" rating in a research report on Wednesday, March 19th. Finally, UBS Group raised Newmont from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and five have given a strong buy rating to the stock. According to MarketBeat, Newmont currently has a consensus rating of "Buy" and a consensus target price of C$62.50.

Newmont Price Performance

NGT stock traded up C$0.36 during midday trading on Tuesday, reaching C$76.72. The company had a trading volume of 143,929 shares, compared to its average volume of 231,605. The firm has a 50-day moving average price of C$67.29 and a 200-day moving average price of C$63.94. 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 company has a market capitalization of C$61.03 billion, a P/E ratio of -50.69, a P/E/G ratio of 1.43 and a beta of 0.51. Newmont has a 1 year low of C$50.27 and a 1 year high of C$81.16.

Newmont Company Profile

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.