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NEW YORK (TheStreet) -- Shares of Newmont Mining (NEM) - Get Newmont Corporation Report  were advancing late Tuesday afternoon as gold prices gained.

Gold for December delivery was up 0.4% to $1,346.60 per ounce on the COMEX.

Prices for the commodity metal are returning after a multi-day low due to an upbeat July jobs report by the Labor Department released on Friday.

The report, showing that U.S. employers added a healthy number of new jobs during the month, spurred concerns that the Federal Reserve would hike interest rates during its next meeting in September.

Gold tends to do poorly when interest rates rise as investors seek assets with higher yields.

Analysts said that new buyers have emerged since Friday's data-induced volatility, MarketWatch reports, fueling a rise in prices.

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Gold is also gaining on a weaker dollar today.

Newmont Mining, based in Greenwood Village, CO, is a global gold and copper mining company.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "hold" with a ratings score of C+.

The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and feeble growth in the company's earnings per share.

You can view the full analysis from the report here: NEM

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