Newmont (TSE:NGT) Upgraded to “Strong-Buy” at DZ Bank

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

Several other research analysts also recently weighed in on NGT. National Bankshares boosted their target price on Newmont from C$110.00 to C$125.00 and gave the stock an “outperform” rating in a research note on Monday, September 22nd. Citigroup raised Newmont to a “strong-buy” rating in a report on Monday, January 12th. Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. BNP Paribas lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Macquarie upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 5th. Eleven equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Newmont currently has an average rating of “Strong Buy” and a consensus price target of C$125.00.

Newmont Price Performance

TSE NGT opened at C$116.00 on Monday. The firm’s fifty day simple moving average is C$116.00 and its two-hundred day simple moving average is C$107.61. The firm has a market capitalization 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. Newmont has a 12-month low of C$53.03 and a 12-month 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.