Newmont (TSE:NGT) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Newmont (TSE:NGT) to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

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

Newmont Stock Up 1.7 %

Shares of TSE:NGT opened at C$77.51 on Tuesday. Newmont has a 1 year low of C$50.27 and a 1 year high of C$81.16. 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 business’s 50-day moving average is C$66.68 and its 200-day moving average is C$63.87. The company has a market capitalization of C$61.66 billion, a price-to-earnings ratio of -51.21, a P/E/G ratio of 1.43 and a beta of 0.51.

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.