Trade-Ideas LLC identified

Newmont Mining

(

NEM

) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Newmont Mining as such a stock due to the following factors:

  • NEM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $290.1 million.
  • NEM traded 17,586 shares today in the pre-market hours as of 8:24 AM.
  • NEM is down 2.1% today from yesterday's close.

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More details on NEM:

Newmont Mining Corporation, together with its subsidiaries, operates in the mining industry. It primarily acquires, develops, explores for, and produces gold, silver, and copper. The stock currently has a dividend yield of 0.3%. NEM has a PE ratio of 197. Currently there are 4 analysts that rate Newmont Mining a buy, no analysts rate it a sell, and 8 rate it a hold.

The average volume for Newmont Mining has been 8.8 million shares per day over the past 30 days. Newmont has a market cap of $18.8 billion and is part of the basic materials sector and metals & mining industry. Shares are up 97.6% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Newmont Mining as a

hold

. 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, weak operating cash flow and feeble growth in the company's earnings per share.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 43.5%. Since the same quarter one year prior, revenues slightly increased by 3.0%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • The current debt-to-equity ratio, 0.50, is low and is below the industry average, implying that there has been successful management of debt levels. To add to this, NEM has a quick ratio of 2.06, which demonstrates the ability of the company to cover short-term liquidity needs.
  • 46.56% is the gross profit margin for NEWMONT MINING CORP which we consider to be strong. Regardless of NEM's high profit margin, it has managed to decrease from the same period last year.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Metals & Mining industry and the overall market on the basis of return on equity, NEWMONT MINING CORP has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
  • Net operating cash flow has decreased to $522.00 million or 16.48% when compared to the same quarter last year. Despite a decrease in cash flow NEWMONT MINING CORP is still fairing well by exceeding its industry average cash flow growth rate of -39.58%.

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