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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 2.4%. By the end of trading, Newmont Mining Corporation fell $1.53 (-4.9%) to $29.61 on average volume. Throughout the day, 9,187,145 shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 8,795,900 shares. The stock ranged in price between $29.09-$31.05 after having opened the day at $31.04 as compared to the previous trading day's close of $31.14. Other companies within the Metals & Mining industry that declined today were: International Tower Hill Mines ( THM), down 54.4%, Walter Energy ( WLT), down 18.2%, Pacific Booker Minerals ( PBM), down 9.0% and Cardero Resources Corporation ( CDY), down 8.7%.

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 $14.9 billion and is part of the basic materials sector. Shares are down 34.6% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Newmont Mining Corporation a buy, 3 analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Newmont Mining Corporation 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.

On the positive front, China Gengsheng Minerals ( CHGS), up 41.4%, Quaterra Resources ( QMM), up 9.8%, China Natural Resources ( CHNR), up 7.8% and Minco Gold Corporation ( MGH), up 7.3%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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