Newmont (TSE:NGT) Upgraded by Barclays to Strong-Buy Rating

Newmont (TSE:NGT) was upgraded by equities research analysts at Barclays to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other research firms also recently issued reports on NGT. National Bank Financial downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Sanford C. Bernstein upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Nine research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus price target of C$125.00.

Newmont Stock Performance

TSE NGT opened at C$116.00 on Thursday. 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 simple moving average of C$116.00 and a 200 day simple moving average of C$116.00. The company has a debt-to-equity ratio of 23.69, a quick ratio of 1.77 and a current ratio of 2.23. The company has a market capitalization of C$127.42 billion, a PE 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.