Newmont (TSE:NGT) Cut to “Hold” at National Bank Financial

National Bank Financial downgraded shares of Newmont (TSE:NGT) from a strong-buy rating to a hold rating in a research report released on Thursday morning,Zacks.com reports.

Several other equities analysts also recently commented on NGT. Citigroup upgraded Newmont to a “strong-buy” rating in a research report on Monday, January 12th. Sanford C. Bernstein upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Finally, DZ Bank upgraded Newmont to a “strong-buy” rating in a research report on Monday, January 19th. Nine research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Strong Buy” and a consensus price target of C$125.00.

Newmont Stock Performance

The company has a current ratio of 2.23, a quick ratio of 1.77 and a debt-to-equity ratio of 23.69. The company has a market cap of C$127.42 billion, a PE ratio of 20.86, a PEG ratio of 1.43 and a beta of 0.90. Newmont has a 12 month low of C$53.03 and a 12 month high of C$119.73. The firm has a fifty day simple moving average of C$116.00 and a two-hundred day simple moving average of C$116.00.

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.