Goldman Sachs Group downgraded shares of NEWCREST MNG LT/ADR (OTCMKTS:NCMGY) from a neutral rating to a sell rating in a report released on Wednesday, The Fly reports.
Separately, ValuEngine cut shares of Intersect ENT from a buy rating to a hold rating in a research note on Monday, June 3rd. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. NEWCREST MNG LT/ADR presently has a consensus rating of Hold.
Shares of NCMGY opened at $22.49 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.97 and a current ratio of 2.92. The firm has a fifty day moving average price of $20.77. NEWCREST MNG LT/ADR has a 1 year low of $13.33 and a 1 year high of $22.86.
Newcrest Mining Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and gold/copper concentrates. It is also involved in the exploration of silver deposits. The company primarily owns and operates mines and projects located in Cadia and Telfer, Australia; Lihir, Papua New Guinea; Gosowong, Indonesia; Bonikro, Cote d'Ivoire; and other projects.
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