Newmont (TSE:NGT) Trading Down 1.1% – Here’s What Happened

Shares of Newmont Co. (TSE:NGT) fell 1.1% during mid-day trading on Friday . The company traded as low as C$115.79 and last traded at C$116.00. Approximately 293,766 shares were traded during mid-day trading, an increase of 22% from the average daily volume of 240,366 shares. The stock had previously closed at C$117.24.

Analyst Ratings Changes

NGT has been the topic of a number of analyst reports. National Bank Financial cut Newmont from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Barclays upgraded Newmont to a “strong-buy” rating in a research report on Thursday, May 21st. Eight equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Newmont currently has an average rating of “Strong Buy” and an average target price of C$125.00.

Newmont Stock Performance

The company has a debt-to-equity ratio of 23.69, a current ratio of 2.23 and a quick ratio of 1.76. The firm has a market cap of C$127.42 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.90. The business’s 50-day moving average price is C$116.00 and its two-hundred day moving average price is C$116.00.

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.