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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Newmont Mining Corporation (NYSE: NEM) hit a new 52-week low Wednesday as it is currently trading at $42.37, below its previous 52-week low of $42.55 with 371,501 shares traded as of 9:36 a.m. ET. Average volume has been six million shares over the past 30 days. Newmont has a market cap of $21.27 billion and is part of the basic materials sector and metals & mining industry. Shares are down 6.8% year to date as of the close of trading on Tuesday. 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. The company has a P/E ratio of 100.6, above the S&P 500 P/E ratio of 17.7.