Newmont (TSE:NGT) Raised to Strong-Buy at Sanford C. Bernstein

Newmont (TSE:NGT) was upgraded by investment analysts at Sanford C. Bernstein from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Friday,Zacks.com reports.

A number of other research firms have also weighed in on NGT. BNP Paribas Exane lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Citigroup upgraded Newmont to a “strong-buy” rating in a research note on Monday, January 12th. Macquarie Infrastructure raised Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, December 5th. Finally, DZ Bank upgraded Newmont to a “strong-buy” rating in a research note on Monday, January 19th. Eleven investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Newmont currently has a consensus rating of “Strong Buy” and an average price target of C$125.00.

Newmont Trading Down 1.1%

Shares of NGT opened at C$116.00 on Friday. 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$127.42 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.43 and a beta of 0.90. Newmont has a 1-year low of C$53.03 and a 1-year high of C$119.73. The company has a 50-day moving average of C$116.00 and a 200 day moving average of C$113.37.

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.