Newmont (TSE:NGT) Upgraded by Barclays to Strong-Buy Rating

Newmont (TSE:NGT) was upgraded by equities researchers at Barclays to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other analysts also recently commented on NGT. Sanford C. Bernstein upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. National Bank Financial downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Nine investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy” and an average target price of C$125.00.

Newmont Stock Performance

Shares of NGT stock opened at C$116.00 on Thursday. The firm has a 50-day moving average of C$116.00 and a 200-day moving average of C$116.00. The company has a market cap of C$127.42 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.43 and a beta of 0.90. The company has a debt-to-equity ratio of 23.69, a current ratio of 2.23 and a quick ratio of 1.77. Newmont has a one year low of C$53.03 and a one year high of C$119.73.

Newmont Company Profile

Newmont Corp is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. It is also engaged in the production of copper, silver, lead and zinc. The company’s operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada.