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 2.7%. By the end of trading, Newmont Mining Corporation fell $1.23 (-4.2%) to $28.23 on average volume. Throughout the day, 10,689,425 shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 9,625,000 shares. The stock ranged in price between $28.20-$28.86 after having opened the day at $28.70 as compared to the previous trading day's close of $29.46. Other companies within the Metals & Mining industry that declined today were: Lake Shore Gold ( LSG), down 17.1%, Cardero Resources Corporation ( CDY), down 11.0%, Prospect Global Resources ( PGRX), down 9.5% and Alexco Resource ( AXU), down 9.4%.

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 $14.4 billion and is part of the basic materials sector. Shares are down 37.1% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Newmont Mining Corporation a buy, 3 analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Newmont Mining Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

On the positive front, Alderon Iron Ore ( AXX), up 6.8%, Timberline Resources Corporation ( TLR), up 6.2%, Quest Rare Minerals ( QRM), up 5.7% and Hi-Crush Partners ( HCLP), up 4.1%.

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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