Newmont (TSE:NGT) Stock Rating Upgraded by Barclays

Newmont (TSE:NGT) was upgraded by investment analysts at Barclays to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Sanford C. Bernstein upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. National Bank Financial lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Nine research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Strong Buy” and an average price target of C$125.00.

Newmont Stock Performance

Shares of Newmont stock opened at C$116.00 on Thursday. Newmont has a 12 month low of C$53.03 and a 12 month high of C$119.73. The company has a quick ratio of 1.77, a current ratio of 2.23 and a debt-to-equity ratio of 23.69. The stock has a market cap 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. The business has a fifty day simple moving average of C$116.00 and a 200-day simple 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.