Newmont (TSE:NGT) Lowered to Hold Rating by UBS Group

Newmont (TSE:NGT - Get Free Report) was downgraded by analysts at UBS Group from a "strong-buy" rating to a "hold" rating in a report issued on Wednesday, Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. Scotiabank cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. Argus upgraded Newmont from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 29th. Finally, Cibc World Mkts cut Newmont from a "strong-buy" rating to a "hold" rating in a report on Monday. Four analysts have rated the stock with a hold rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$68.00.

Newmont Stock Down 2.9 %

Shares of NGT traded down C$1.87 during mid-day trading on Wednesday, reaching C$63.36. The company had a trading volume of 136,648 shares, compared to its average volume of 207,736. Newmont has a 52 week low of C$39.96 and a 52 week high of C$81.16. The company has a market capitalization of C$72.86 billion, a price-to-earnings ratio of -17.21, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The firm has a 50-day moving average price of C$72.44 and a 200 day moving average price of C$64.36. 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 (TSE:NGT - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported C$1.11 earnings per share 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 net margin of 13.29% and a negative return on equity of 8.09%. On average, sell-side analysts forecast that Newmont will post 5.509887 EPS for the current year.

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.