Newmont (TSE:NGT - Get Free Report) was upgraded by The Goldman Sachs Group to a "strong-buy" rating in a research note issued on Monday,Zacks.com reports.
NGT has been the subject of several other reports. Cibc World Mkts downgraded Newmont from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 28th. Citigroup cut their target price on Newmont from C$66.00 to C$45.00 and set a "buy" rating on the stock in a research report on Monday, December 23rd. UBS Group lowered shares of Newmont from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 30th. CLSA upgraded shares of Newmont to a "hold" rating in a research note on Friday, November 29th. Finally, Scotiabank downgraded shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$56.50.
Read Our Latest Report on NGT
Newmont Stock Up 2.7 %
Newmont stock traded up C$1.57 during trading on Monday, reaching C$59.31. 228,187 shares of the company's stock were exchanged, compared to its average volume of 199,823. The company's 50-day moving average is C$57.62 and its two-hundred day moving average is C$64.85. The company has a debt-to-equity ratio of 31.20, a quick ratio of 1.77 and a current ratio of 2.11. Newmont has a 52-week low of C$39.96 and a 52-week high of C$81.16. The firm has a market cap of C$68.21 billion, a price-to-earnings ratio of -15.65, a PEG ratio of 1.43 and a beta of 0.51.
Newmont (TSE:NGT - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported C$1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.07 by C$0.04. The business had revenue of C$6.28 billion during the quarter, compared to analyst estimates of C$5.79 billion. Newmont had a negative return on equity of 8.09% and a negative net margin of 13.29%. On average, analysts predict 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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