Newmont (TSE:NGT) Upgraded to Strong-Buy at Barclays

Barclays upgraded shares of Newmont (TSE:NGT) to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Several other research firms have also recently commented on NGT. National Bank Financial cut Newmont from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Sanford C. Bernstein raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 27th. Nine research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average price target of C$125.00.

Newmont Stock Down 1.1%

TSE NGT opened at C$116.00 on Thursday. The stock has a fifty day moving average of C$116.00 and a 200-day moving average of C$116.00. 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. Newmont has a 52 week low of C$53.03 and a 52 week high of C$119.73. 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 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.