Newmont Mining Corporation (NEM): Metals & Mining's Starring Winner Of The Day

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.

Newmont Mining Corporation ( NEM) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day up 0.6%. By the end of trading, Newmont Mining Corporation rose $1.07 (2.6%) to $41.45 on average volume. Throughout the day, 7.3 million shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of seven million shares. The stock ranged in a price between $40.60-$41.84 after having opened the day at $40.64 as compared to the previous trading day's close of $40.38. Other companies within the Metals & Mining industry that increased today were: Cardero Resources Corporation ( CDY), up 20%, Denison Mines Corporation ( DNN), up 9.5%, McEwen Mining ( MUX), up 9.4%, and Kimber Resources ( KBX), up 9.1%.
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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, Mexico, and New Zealand. Newmont Mining Corporation has a market cap of $19.69 billion and is part of the basic materials sector. The company has a P/E ratio of 10.6, below the S&P 500 P/E ratio of 17.7. Shares are down 13.1% year to date as of the close of trading on Wednesday. Currently there are nine 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 impressive record of earnings per share growth, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow.

On the negative front, General Moly ( GMO), down 16.6%, China Gengsheng Minerals ( CHGS), down 11.7%, Atlatsa Resources ( ATL), down 11.3%, and James River Coal Company ( JRCC), down 5.2%, were all laggards within the metals & mining industry with Teck Resources ( TCK) being today's metals & mining industry laggard.

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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