Newmont (TSE:NGT) Upgraded at Scotiabank

Scotiabank upgraded shares of Newmont (TSE:NGT) from a hold rating to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on NGT. Cibc World Mkts raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. BNP Paribas downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. National Bank Financial raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, July 25th. Royal Bank Of Canada raised shares of Newmont from a “hold” rating to a “moderate buy” rating in a report on Wednesday, September 10th. Finally, The Goldman Sachs Group raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Sunday, October 12th. Eight analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$85.00.

Newmont Stock Performance

The firm has a market cap of C$127.42 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.43 and a beta of 0.90. 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 firm has a fifty day moving average of C$109.74 and a 200 day moving average of C$89.50. Newmont has a one year low of C$53.03 and a one year high of C$119.73.

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.