Newmont (TSE:NGT) Rating Increased to Strong-Buy at DZ Bank

Newmont (TSE:NGT) was upgraded by analysts at DZ Bank to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also recently weighed in on NGT. Citigroup raised Newmont to a “strong-buy” rating in a research report on Monday, January 12th. National Bankshares upped their price target on Newmont from C$110.00 to C$125.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Macquarie raised Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. The Goldman Sachs Group upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Sunday, October 12th. Finally, Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Eleven research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Strong Buy” and an average price target of C$125.00.

Newmont Stock Down 1.1%

NGT stock opened at C$116.00 on Monday. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. Newmont has a 52-week low of C$53.03 and a 52-week high of C$119.73. The company has a 50-day moving average of C$116.00 and a two-hundred day moving average of C$107.61. The stock has a market capitalization of C$127.42 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.90.

About Newmont

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.