Trade-Ideas LLC identified

Newmont Mining

(

NEM

) as a pre-market leader 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 $370.5 million.
  • NEM traded 12,181 shares today in the pre-market hours as of 8:00 AM.
  • NEM is up 2.3% today from yesterday's close.

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More details on NEM:

Newmont Mining Corporation operates in the mining industry. It primarily acquires, develops, explores for, and produces gold, copper, and silver deposits. The company's operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and New Zealand. The stock currently has a dividend yield of 0.4%. NEM has a PE ratio of 65. Currently there are 7 analysts that rate Newmont Mining a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for Newmont Mining has been 9.5 million shares per day over the past 30 days. Newmont has a market cap of $13.1 billion and is part of the basic materials sector and metals & mining industry. The stock has a beta of 0.29 and a short float of 2.4% with 0.86 days to cover. Shares are up 39.6% year-to-date as of the close of trading on Monday.

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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 solid stock price performance and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow.

Highlights from the ratings report include:

  • Despite currently having a low debt-to-equity ratio of 0.55, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Despite the fact that NEM's debt-to-equity ratio is mixed in its results, the company's quick ratio of 2.30 is high and demonstrates strong liquidity.
  • Compared to where it was trading a year ago, NEM's share price has not changed very much due to (a) the relatively weak year-over-year performance of the overall market, (b) the company's stagnant earnings, and (c) other mixed results. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
  • Despite the weak revenue results, NEM has significantly outperformed against the industry average of 50.5%. Since the same quarter one year prior, revenues slightly dropped by 10.0%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • Net operating cash flow has significantly decreased to $272.00 million or 51.34% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Metals & Mining industry. The net income has significantly decreased by 1793.3% when compared to the same quarter one year ago, falling from $15.00 million to -$254.00 million.

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