Newmont (TSE:NGT) Upgraded to “Strong-Buy” at BMO Capital Markets

BMO Capital Markets upgraded shares of Newmont (TSE:NGT) to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

Other analysts have also issued research reports about the stock. UBS Group upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th. National Bankshares raised their price objective on Newmont from C$75.00 to C$80.00 and gave the company a “sector perform” rating in a report on Wednesday, March 19th. The Goldman Sachs Group raised Newmont to a “strong-buy” rating in a report on Monday, January 13th. National Bank Financial raised Newmont to a “hold” rating in a research note on Friday, March 21st. Finally, Citigroup lowered their price objective on Newmont from C$66.00 to C$45.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Five analysts have rated the stock with a hold rating, one has issued a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$62.50.

Newmont Trading Up 1.7 %

NGT opened at C$77.51 on Tuesday. The company has a market cap of C$61.66 billion, a P/E ratio of -51.21, a PEG ratio of 1.43 and a beta of 0.51. The company has a current ratio of 1.96, a quick ratio of 1.77 and a debt-to-equity ratio of 30.62. The company’s 50 day moving average is C$66.68 and its 200-day moving average is C$63.87. Newmont has a 1-year low of C$50.27 and a 1-year high of C$81.16.

About Newmont

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.