Newmont Mining Corporation (NEM): Today's Featured Metals & Mining Winner - TheStreet

Newmont Mining Corporation

(

NEM

) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 1.9%. By the end of trading, Newmont Mining Corporation rose 84 cents (1.8%) to $48.80 on light volume. Throughout the day, 5.2 million shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 7.3 million shares. The stock ranged in a price between $47.65-$49.20 after having opened the day at $47.91 as compared to the previous trading day's close of $47.96. Other companies within the Metals & Mining industry that increased today were:

China Natural Resources

(

CHNR

), up 7%,

Great Northern Iron Ore

(

GNI

), up 5.1%,

Atlatsa Resources

(

ATL

), up 5%, and

Golden Minerals

(

AUMN

), up 4.7%.

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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, New Zealand, and Mexico. Newmont Mining Corporation has a market cap of $23.45 billion and is part of the

basic materials

sector. The company has a P/E ratio of 44.3, below the average metals & mining industry P/E ratio of 71.3 and above the S&P 500 P/E ratio of 17.7. Shares are down 20.1% year to date as of the close of trading on Friday. Currently there are eight analysts that rate Newmont Mining Corporation a buy, no analysts rate it a sell, and eight 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 revenue growth, growth in earnings per share and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow.

On the negative front,

China Precision Steel

(

CPSL

), down 10.2%,

United States Antimony Corporation

(

UAMY

), down 10.2%,

James River Coal Company

(

JRCC

), down 9.9%, and

USEC

(

USU

), down 9.1%, were all losers within the metals & mining industry with

ArcelorMittal

(

MT

) being today's metals & mining industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider

SPDR S&P Metals & Mining ETF

(

XME

) while those bearish on the metals & mining industry could consider

PowerShares DB Base Metals Sht ETN

(

BOS

).

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