Newmont (TSE:NGT) Rating Lowered to “Hold” at National Bank Financial

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

A number of other research analysts have also recently issued reports on NGT. DZ Bank upgraded Newmont to a “strong-buy” rating in a research report on Monday, January 19th. Citigroup upgraded shares of Newmont to a “strong-buy” rating in a research note 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 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 stock. According to MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus price target of C$125.00.

Newmont Price Performance

Newmont stock opened at C$116.00 on Thursday. The company has a debt-to-equity ratio of 23.69, a quick ratio of 1.77 and a current ratio of 2.23. Newmont has a 52 week low of C$53.03 and a 52 week high of C$119.73. The stock has a market capitalization of C$127.42 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.90. The stock has a fifty day moving average of C$116.00 and a 200-day moving average of C$116.00.

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.