Newmont (TSE:NGT) Raised to “Strong-Buy” at BMO Capital Markets

Newmont (TSE:NGT) was upgraded by equities research analysts at BMO Capital Markets to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. UBS Group upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th. The Goldman Sachs Group upgraded Newmont to a “strong-buy” rating in a research report on Monday, January 13th. National Bankshares boosted their price target on shares of Newmont from C$75.00 to C$80.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 19th. Citigroup decreased their price objective on shares of Newmont from C$66.00 to C$45.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Finally, National Bank Financial upgraded shares of Newmont to a “hold” rating in a research report on Friday, March 21st. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and five have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$62.50.

Newmont Trading Up 1.7 %

NGT stock opened at C$77.51 on Tuesday. Newmont has a 52-week low of C$50.27 and a 52-week high of C$81.16. 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 cap of C$61.66 billion, a P/E ratio of -51.21, a PEG ratio of 1.43 and a beta of 0.51. The company’s 50-day simple moving average is C$66.68 and its 200-day simple moving average is C$63.87.

About Newmont

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.