Newmont Co. (TSE:NGT – Get Free Report)’s share price fell 1.1% during mid-day trading on Friday . The stock traded as low as C$115.79 and last traded at C$116.00. 293,766 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 240,366 shares. The stock had previously closed at C$117.24.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on NGT. National Bank Financial lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Barclays upgraded Newmont to a “strong-buy” rating in a report on Thursday, May 21st. Eight equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Strong Buy” and an average price target of C$125.00.
Read Our Latest Analysis on Newmont
Newmont Price Performance
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.
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