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

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 1.7%. By the end of trading, Newmont Mining Corporation rose $0.41 (1.3%) to $32.77 on average volume. Throughout the day, 11,616,859 shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 7,995,900 shares. The stock ranged in a price between $32.20-$33.11 after having opened the day at $32.55 as compared to the previous trading day's close of $32.36. Other companies within the Metals & Mining industry that increased today were: Kimber Resources ( KBX), up 23.5%, SilverCrest Mines ( SVLC), up 16.5%, Crosshair Energy ( CXZ), up 14.6% and Sandstorm Gold ( SAND), up 10.7%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $16.6 billion and is part of the basic materials sector. The company has a P/E ratio of 8.9, below the S&P 500 P/E ratio of 17.7. Shares are down 30.3% year to date as of the close of trading on Wednesday.

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, Harry Winston Diamond ( HWD), down 11.3%, China Precision Steel ( CPSL), down 9.2%, NovaCopper ( NCQ), down 8.9% and Ossen Innovation ( OSN), down 7.7% , 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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

null

More from Markets

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Zoom CEO Eric Yuan Leads Glassdoor's List of Top 100 CEOs

Zoom CEO Eric Yuan Leads Glassdoor's List of Top 100 CEOs

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Purdue Pharma Unloads Sales Staff, Transitioning From Painkiller Focus

Purdue Pharma Unloads Sales Staff, Transitioning From Painkiller Focus