Newmont (TSE:NGT) Stock Rating Upgraded by Cibc World Mkts

Newmont (TSE:NGT) was upgraded by analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

Several other equities research analysts have also commented on the company. BNP Paribas lowered Newmont from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 4th. National Bankshares raised their price objective on Newmont from C$110.00 to C$125.00 and gave the company an “outperform” rating in a report on Monday, September 22nd. Macquarie downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 2nd. The Goldman Sachs Group downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 8th. Finally, National Bank Financial raised Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 25th. Six analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Newmont presently has a consensus rating of “Buy” and a consensus price target of C$85.00.

Newmont Price Performance

The company has a fifty day moving average price of C$105.27 and a 200-day moving average price of C$86.10. The company has a market capitalization 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. Newmont has a fifty-two week low of C$53.03 and a fifty-two week high of C$119.73. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77.

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.