UBS Group upgraded shares of Newmont (TSE:NGT - Free Report) from a hold rating to a strong-buy rating in a report published on Friday morning,Zacks.com reports.
NGT has been the subject of several other reports. The Goldman Sachs Group upgraded shares of Newmont to a "strong-buy" rating in a research report on Monday, January 13th. Citigroup reduced their price objective 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. National Bank Financial upgraded Newmont to a "hold" rating in a research report on Friday, March 21st. Finally, National Bankshares upped their target price on Newmont from C$75.00 to C$80.00 and gave the stock a "sector perform" rating in a research note on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$62.50.
Check Out Our Latest Stock Report on Newmont
Newmont Price Performance
TSE:NGT traded up C$0.20 during trading hours on Friday, hitting C$76.18. 224,258 shares of the company's stock traded hands, compared to its average volume of 229,515. The firm has a market cap of C$60.60 billion, a P/E ratio of -50.33, a P/E/G ratio of 1.43 and a beta of 0.51. 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$66.17 and its two-hundred day simple moving average is C$63.83. Newmont has a 52 week low of C$50.27 and a 52 week high of C$81.16.
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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