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

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 lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 1.7%. By the end of trading, Newmont Mining Corporation fell $0.86 (-2.5%) to $33.47 on average volume. Throughout the day, 8,834,151 shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 8,419,200 shares. The stock ranged in price between $33.23-$34.54 after having opened the day at $34.50 as compared to the previous trading day's close of $34.33. Other companies within the Metals & Mining industry that declined today were: Noranda Aluminum ( NOR), down 13.2%, Rubicon Minerals ( RBY), down 8.9%, Crosshair Energy ( CXZ), down 8.4% and Materion ( MTRN), down 7.2%.
  • 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 $16.9 billion and is part of the basic materials sector. The company has a P/E ratio of 9.1, below the S&P 500 P/E ratio of 17.7. Shares are down 26.1% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Newmont Mining Corporation as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity and attractive valuation levels. 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 positive front, Timberline Resources Corporation ( TLR), down 14.3%, China Gengsheng Minerals ( CHGS), down 8.6%, L & L Energy ( LLEN), down 7.3% and Silver Bull Resources ( SVBL), down 6.8% , were all gainers within the metals & mining industry with Molycorp ( MCP) being today's featured metals & mining industry leader.

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

If you liked this article you might like

Gold Bugs Have a Quantitative Reason to Buy Newmont Mining

Gold Bugs Have a Quantitative Reason to Buy Newmont Mining

Dow, S&P 500 and Nasdaq Score Solid Gains

Dow, S&P 500 and Nasdaq Score Solid Gains

Dow Jumps Triple Digits as GE and Boeing Post Solid Gains

Dow Jumps Triple Digits as GE and Boeing Post Solid Gains

Wall Street Edges Higher, Nasdaq Gets Lift From Broadcom Earnings

Wall Street Edges Higher, Nasdaq Gets Lift From Broadcom Earnings

Wall Street Set for Mixed Open but Nasdaq Seen Higher as Large-Cap Tech Gains

Wall Street Set for Mixed Open but Nasdaq Seen Higher as Large-Cap Tech Gains