Newmont (TSE:NGT – Get Free Report) was downgraded by equities research analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. They presently have a C$68.00 price target on the stock, down from their prior price target of C$69.00. National Bankshares’ price target suggests a potential upside of 21.49% from the stock’s current price.
Separately, National Bank Financial restated an “outperform overweight” rating on shares of Newmont in a research note on Monday, April 8th.
Read Our Latest Report on Newmont
Newmont Price Performance
Newmont (TSE:NGT – Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported C$0.68 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.70 by C($0.02). Newmont had a negative net margin of 21.11% and a negative return on equity of 10.23%. The company had revenue of C$5.39 billion for the quarter, compared to the consensus estimate of C$4.37 billion. As a group, analysts anticipate that Newmont will post 3.4813847 earnings per share for the current year.
About Newmont
Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.
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