Newmont Stock Hits New 52-Week Low (NEM)

NEW YORK ( TheStreet) -- Newmont Mining Corporation (NYSE: NEM) hit a new 52-week low Tuesday as it is currently trading at $25.11, below its previous 52-week low of $25.33 with 1.2 million shares traded as of 9:50 a.m. ET. Average volume has been 8.7 million shares over the past 30 days.

Newmont has a market cap of $12.69 billion and is part of the basic materials sector and metals & mining industry. Shares are down 44.6% year to date as of the close of trading on Monday.

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.

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TheStreet Ratings rates Newmont as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and generally high debt management risk. You can view the full Newmont Ratings Report.

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