Newmont Rises On Unusually High Volume (NEM)

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) is trading at unusually high volume Friday with 19.4 million shares changing hands. It is currently at 2.2 times its average daily volume and trading up $2.24 (+8.1%) at $29.95 as of 4:01 p.m. ET.

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Newmont has a market cap of $13.4 billion and is part of the basic materials sector and metals & mining industry. Shares are down 40.3% 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 10.2, below the S&P 500 P/E ratio of 17.7.

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 weak operating cash flow, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Newmont Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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