Newmont (TSE:NGT) Cut to “Hold” at BNP Paribas

BNP Paribas cut shares of Newmont (TSE:NGT) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

A number of other brokerages have also recently issued reports on NGT. National Bank Financial upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, July 25th. The Goldman Sachs Group cut Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 8th. Macquarie lowered Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 2nd. Finally, Stifel Canada raised Newmont to a “strong-buy” rating in a research report on Tuesday, July 8th. Five equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Newmont presently has an average rating of “Moderate Buy” and an average target price of C$62.50.

Newmont Price Performance

NGT opened at C$105.51 on Thursday. The company has a debt-to-equity ratio of 30.62, a quick ratio of 1.77 and a current ratio of 1.96. Newmont has a 1 year low of C$53.03 and a 1 year high of C$106.88. The stock has a market capitalization of C$115.90 billion, a PE ratio of 18.98, a P/E/G ratio of 1.43 and a beta of 0.90. The company’s 50 day simple moving average is C$90.10 and its 200 day simple moving average is C$77.70.

About Newmont

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.