Newmont (TSE:NGT) Stock Rating Lowered by National Bank Financial

Newmont (TSE:NGT) was downgraded by investment analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

NGT has been the topic of several other research reports. DZ Bank raised shares of Newmont to a “strong-buy” rating in a report on Monday, January 19th. Citigroup upgraded shares of Newmont to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Sanford C. Bernstein upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Nine equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Newmont presently has a consensus rating of “Strong Buy” and a consensus price target of C$125.00.

Newmont Price Performance

NGT stock opened at C$116.00 on Thursday. Newmont has a one year low of C$53.03 and a one year high of C$119.73. The company’s fifty day moving average price is C$116.00 and its 200-day moving average price is 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.

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.