Goldman Sachs Group cut shares of NEWCREST MNG LT/ADR (OTCMKTS:NCMGY) from a neutral rating to a sell rating in a report issued on Wednesday morning, The Fly reports.
Separately, ValuEngine cut Intersect ENT from a buy rating to a hold rating in a report on Monday, June 3rd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. NEWCREST MNG LT/ADR presently has an average rating of Hold.
OTCMKTS:NCMGY opened at $22.49 on Wednesday. The company has a current ratio of 2.92, a quick ratio of 1.97 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $20.77. NEWCREST MNG LT/ADR has a 52 week low of $13.33 and a 52 week 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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