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

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

Other analysts have also issued research reports about the stock. Argus raised shares of Newmont from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 29th. Cibc World Mkts lowered shares of Newmont from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, Scotiabank lowered shares of Newmont from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$68.00.

Newmont Trading Down 3.0 %

NGT stock traded down C$1.96 during trading on Wednesday, hitting C$63.27. The company had a trading volume of 247,430 shares, compared to its average volume of 208,262. The company has a quick ratio of 1.77, a current ratio of 2.11 and a debt-to-equity ratio of 31.20. The firm has a 50-day moving average price of C$72.30 and a 200-day moving average price of C$64.36. Newmont has a 12 month low of C$39.96 and a 12 month high of C$81.16. The stock has a market cap of C$72.76 billion, a price-to-earnings ratio of -16.69, a PEG ratio of 1.43 and a beta of 0.51.

Newmont (TSE:NGT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported C$1.11 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of C$5.79 billion. As a group, analysts predict that Newmont will post 5.509887 earnings per share for the current year.

About Newmont

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.