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 down 0.4%. By the end of trading, Newmont Mining Corporation rose 50 cents (0.8%) to $65.79 on light volume. Throughout the day, 4.7 million shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 7.6 million shares. The stock ranged in a price between $65.37-$66.81 after having opened the day at $65.97 as compared to the previous trading day's close of $65.29. Other companies within the Basic Materials sector that increased today were:

Royale Energy Inc

(

ROYL

), up 12.7%,

InterOil Corporation

(

IOC

), up 10.2%,

Entree Gold Inc

(

EGI

), up 9.5%, and

Extorre Gold Mines

(

XG

), up 9.2%.

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, Canada, New Zealand, and Mexico. Newmont Mining Corporation has a market cap of $31.96 billion and is part of the

metals & mining

industry. The company has a P/E ratio of 13.9, below the average metals & mining industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 17.7. Shares are up 6.3% year to date as of the close of trading on Monday.

TheStreet Ratings rates Newmont as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

Alon USA Energy Inc

(

ALJ

), down 13.1%,

China Green Agriculture Inc

(

CGA

), down 12.7%,

Oilsands Quest Inc

(

BQI

), down 12.1%, and

Lihua International Inc

(

LIWA

), down 8.8%, were all losers within the basic materials sector with

Monsanto Company

(

MON

) being today's basic materials sector loser.

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

).

null