Newmont Stock Hits New 52-Week Low (NEM)
NEW YORK (
) --
(NYSE:
) hit a new 52-week low Tuesday as it is currently trading at $26.91, below its previous 52-week low of $26.97 with two million shares traded as of 9:46 a.m. ET. Average volume has been 9.3 million shares over the past 30 days.
Newmont has a market cap of $13.68 billion and is part of the basic materials sector and metals & mining industry. Shares are down 41.8% year to date as of the close of trading on Monday.
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.
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TheStreet Ratings rates
Newmont
as a
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. 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. You can view the full
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