Newmont (TSE:NGT) Upgraded at DZ Bank

DZ Bank upgraded shares of Newmont (TSE:NGT) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other brokerages have also recently weighed in on NGT. Macquarie upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. BNP Paribas Exane downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. National Bankshares boosted their price target on Newmont from C$110.00 to C$125.00 and gave the company an “outperform” rating in a report on Monday, September 22nd. Citigroup upgraded Newmont to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Cibc World Mkts raised Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Eleven analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and a consensus target price of C$125.00.

Newmont Price Performance

TSE NGT opened at C$116.00 on Monday. The company has a 50-day moving average price of C$116.00 and a 200-day moving average price of C$107.66. 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. The firm has a market capitalization 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 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.