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

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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 0.5%. By the end of trading, Newmont Mining Corporation fell $0.76 (-3.1%) to $24.11 on average volume. Throughout the day, 10,379,591 shares of Newmont Mining Corporation exchanged hands as compared to its average daily volume of 9,112,400 shares. The stock ranged in price between $23.80-$24.39 after having opened the day at $23.84 as compared to the previous trading day's close of $24.87. Other companies within the Metals & Mining industry that declined today were: North American Palladium ( PAL), down 18.1%, Tanzanian Royalty Exploration Corporation ( TRX), down 6.6%, MAG Silver Corporation ( MVG), down 5.7% and Gold Fields ( GFI), down 5.3%.

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 $12.2 billion and is part of the basic materials sector. Shares are up 7.1% 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 disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and generally high debt management risk.

On the positive front, Atlatsa Resources ( ATL), up 6.9%, US Silica Holdings ( SLCA), up 6.1%, SunCoke Energy Partners ( SXCP), up 6.1% and Golden Minerals ( AUMN), up 5.9% , were all gainers within the metals & mining industry with Tenaris ( TS) being today's featured metals & mining industry leader.

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).

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