The ex-dividend date for Newmont Mining Corporation (NYSE:NEM) is Monday, June 10, 2013. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $34.29 as of 9:31 a.m., the dividend yield is 4%.
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) -- The ex-dividend date for Newmont Mining Corporation (NYSE: NEM) is Monday, June 10, 2013. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $34.29 as of 9:31 a.m. ET, the dividend yield is 4%. The average volume for Newmont has been 8.5 million shares per day over the past 30 days. Newmont has a market cap of $17.03 billion and is part of the basic materials sector and metals & mining industry. Shares are down 24.7% year to date as of the close of trading on Thursday. 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 10.4, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Newmont as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures 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, weak operating cash flow and feeble growth in the company's earnings per share. You can view the full Newmont Ratings Report. See our dividend calendar or top-yielding stocks list. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..