Newmont (TSE:NGT) Raised to “Strong-Buy” at Sanford C. Bernstein

Newmont (TSE:NGT) was upgraded by investment analysts at Sanford C. Bernstein from a “hold” rating to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

NGT has been the subject of several other research reports. BNP Paribas Exane downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. DZ Bank raised Newmont to a “strong-buy” rating in a report on Monday, January 19th. Citigroup upgraded Newmont to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Macquarie Infrastructure upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 5th. Eleven investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy” and a consensus price target of C$125.00.

Newmont Stock Down 1.1%

Shares of TSE:NGT opened at C$116.00 on Friday. The firm 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 company has a fifty day simple moving average of C$116.00 and a 200 day simple moving average of C$113.24. 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.

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.