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 Tuesday as it is currently trading at $32.03, below its previous 52-week low of $32.13 with 2.1 million shares traded as of 10:01 a.m. ET. Average volume has been 8.2 million shares over the past 30 days. Newmont has a market cap of $16.22 billion and is part of the basic materials sector and metals & mining industry. Shares are down 29% year to date as of the close of trading on Monday. 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. The company has a P/E ratio of 8.7, below the S&P 500 P/E ratio of 17.7.