Newmont (TSE:NGT) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Newmont (TSE:NGT) from a hold rating to a strong-buy rating in a research report report published on Sunday,Zacks.com reports.

Other research analysts have also issued reports about the company. National Bankshares lifted their target price on Newmont from C$110.00 to C$125.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Cibc World Mkts raised Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Stifel Canada raised Newmont to a “strong-buy” rating in a report on Tuesday, July 8th. BNP Paribas cut Newmont from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Finally, Macquarie cut Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 2nd. Seven investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$85.00.

Newmont Price Performance

TSE:NGT opened at C$116.00 on Friday. The business’s 50-day moving average price is C$106.33 and its 200 day moving average price is C$86.75. The firm has a market cap of C$127.42 billion, a P/E ratio of 20.86, a PEG ratio of 1.43 and a beta of 0.90. Newmont has a 52-week low of C$53.03 and a 52-week high of C$119.73. The company has a quick ratio of 1.77, a current ratio of 1.96 and a debt-to-equity ratio of 30.62.

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.