Newmont Mining Corp (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 ( 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 1.4%. By the end of trading, Newmont Mining fell $1.78 (-6.7%) to $24.67 on heavy volume. Throughout the day, 16,896,774 shares of Newmont Mining exchanged hands as compared to its average daily volume of 10,280,300 shares. The stock ranged in price between $24.61-$25.39 after having opened the day at $25.18 as compared to the previous trading day's close of $26.45. Other companies within the Metals & Mining industry that declined today were: China Natural Resources ( CHNR), down 8.6%, Entree Gold ( EGI), down 6.8%, Banro ( BAA), down 6.7% and Alexco Resource ( AXU), down 6.1%.

Newmont Mining Corporation, together with its subsidiaries, acquires, explores for, and produces gold, copper, and silver deposits. The company's assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, New Zealand, Mexico, and Suriname. Newmont Mining has a market cap of $12.7 billion and is part of the basic materials sector. Shares are up 14.8% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Newmont Mining a buy, 4 analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Newmont Mining 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, Polymet Mining ( PLM), up 7.0%, Silver Bull Resources ( SVBL), up 5.9%, Mines Management ( MGN), up 4.1% and Alliance Resource Partners ( ARLP), up 3.9% , were all gainers within the metals & mining industry with Peabody Energy ( BTU) 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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