Newmont (TSE:NGT) Stock Rating Upgraded by BMO Capital Markets

Newmont (TSE:NGT) was upgraded by analysts at BMO Capital Markets to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on NGT. UBS Group raised Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th. Citigroup decreased their target price on shares of Newmont from C$66.00 to C$45.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. National Bank Financial upgraded shares of Newmont to a “hold” rating in a report on Friday, March 21st. The Goldman Sachs Group raised Newmont to a “strong-buy” rating in a research report on Monday, January 13th. Finally, National Bankshares lifted their price objective on Newmont from C$75.00 to C$80.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 19th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$62.50.

Newmont Trading Up 1.7 %

TSE:NGT opened at C$77.51 on Tuesday. Newmont has a 12 month low of C$50.27 and a 12 month high of C$81.16. The business’s 50-day moving average is C$66.68 and its two-hundred day moving average is C$63.87. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. The firm has a market capitalization of C$61.66 billion, a PE ratio of -51.21, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

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.