Newmont (TSE:NGT) Downgraded to Hold Rating by BNP Paribas

BNP Paribas lowered shares of Newmont (TSE:NGT) from a strong-buy rating to a hold rating in a research note released on Thursday morning,Zacks.com reports.

NGT has been the subject of several other reports. The Goldman Sachs Group downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 8th. Macquarie lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday. National Bank Financial raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, July 25th. Finally, Stifel Canada upgraded shares of Newmont to a “strong-buy” rating in a research report on Tuesday, July 8th. Five investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Newmont currently has a consensus rating of “Moderate Buy” and an average target price of C$62.50.

Newmont Trading Up 1.9%

TSE NGT opened at C$105.51 on Thursday. The company has a market cap of C$115.90 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 1.43 and a beta of 0.90. Newmont has a twelve month low of C$53.03 and a twelve month high of C$106.88. The company has a quick ratio of 1.77, a current ratio of 1.96 and a debt-to-equity ratio of 30.62. The business’s fifty day moving average is C$90.10 and its 200 day moving average is C$77.63.

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.