NEW YORK (TheStreet) -- Shares of Newmont Mining Co. (NEM) - Get Report are gaining by 0.83% to $25.61 late Monday afternoon as gold prices retreat.

For June delivery, gold is down by 0.18% to $1,221.30 per ounce on the COMEX this afternoon.

The price of the precious metal has climbed by about 15% this year amid concerns about global economic growth, the Wall Street Journal reports.

However, in recent weeks gold has given up some advances amid anticipation that the Federal Reserve could hike interest rates soon.

The yellow metal has difficulty competing with interest-bearing assets when rates are increased.

Newmont Mining is a Greenwood Village, CO-based mining company focused on the production of and exploration for gold and copper.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.

The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.

The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and solid stock price performance.

As a counter to these strengths, the team also finds weaknesses including deteriorating net income, poor profit margins and weak operating cash flow.

Recently, 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.

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

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