Newmont Mining Corporation (NEM): Today's Featured Metals & Mining Loser

Newmont Mining Corporation ( NEM) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining loser. The industry as a whole closed the day down 0.1%. By the end of trading, Newmont Mining Corporation fell 67 cents (-1.4%) to $45.49 on light volume. Throughout the day, 3.2 million shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 6.5 million shares. The stock ranged in price between $45.37-$46.23 after having opened the day at $46.10 as compared to the previous trading day's close of $46.16. Other company's within the Metals & Mining industry that declined today were: Alpha Natural Resources ( ANR), down 10.3%, Gold Reserve ( GRZ), down 5.5%, Silver Bull Resources ( SVBL), down 4.9%, and Minco Gold Corporation ( MGH), down 4.9%.

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 $22.3 billion and is part of the basic materials sector. The company has a P/E ratio of 42.1, below the average metals & mining industry P/E ratio of 67.9 and above the S&P 500 P/E ratio of 17.7. Shares are down 24.2% 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 positive front, International Tower Hill Mines ( THM), up 9.4%, North American Palladium ( PAL), up 7.9%, Ossen Innovation ( OSN), up 7%, and Kingold Jewelry ( KGJI), up 5.9%, were all gainers within the metals & mining industry with Yamana Gold ( AUY) being today's featured metals & mining industry winner.

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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