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Newmont Mining Corporation (NEM): Today's Featured Basic Materials Winner

Stock quotes in this article: NEM

Newmont Mining Corporation ( NEM) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.2%. By the end of trading, Newmont Mining Corporation rose $0.88 (3.2%) to $28.45 on average volume. Throughout the day, 9,375,744 shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 9,480,000 shares. The stock ranged in a price between $27.73-$28.74 after having opened the day at $27.78 as compared to the previous trading day's close of $27.57. Other companies within the Basic Materials sector that increased today were: SMF Energy Corporation ( FUEL), up 38.7%, Atlatsa Resources ( ATL), up 14.4%, Lone Pine Resources ( LPR), up 13.3% and Apco Oil and Gas International ( APAGF), up 12.2%.

Newmont Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties. The company's assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, Mexico, and New Zealand. Newmont Mining Corporation has a market cap of $13.5 billion and is part of the metals & mining industry. Shares are down 40.9% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Newmont Mining Corporation a buy, 3 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Newmont Mining Corporation as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share.

On the negative front, Sibanye Gold Ltd ADR ( SBGL), down 39.5%, Cubic Energy ( QBC), down 33.3%, Axiall ( AXLL), down 21.8% and Methes Energies International ( MEIL), down 11.3% , were all laggards within the basic materials sector with Dow Chemical ( DOW) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

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