Newmont (TSE:NGT) Cut to Hold at BNP Paribas

BNP Paribas downgraded shares of Newmont (TSE:NGT) from a strong-buy rating to a hold rating in a research report report published on Friday morning,Zacks.com reports.

Several other research firms also recently weighed in on NGT. The Goldman Sachs Group upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Sunday, October 12th. Cibc World Mkts raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Macquarie cut Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 2nd. Royal Bank Of Canada upgraded Newmont from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, September 10th. Finally, Scotiabank upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Nine equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Newmont currently has a consensus rating of “Strong Buy” and an average target price of C$85.00.

Newmont Stock Performance

Newmont has a 52-week low of C$53.03 and a 52-week high of C$119.73. The firm’s 50 day moving average price is C$116.00 and its two-hundred day moving average price is C$98.77. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. The stock has a market capitalization of C$127.42 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 1.43 and a beta of 0.90.

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.