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Newmont Mining: Two minerals for the expansion - gold and copper

 Jun 03, 2009 10:50 PM UTC
Return Risk
+1.61% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
NEM Positive 06/03/09 +17.58% --

Graphic_arrow1 Via BloggingStocks:  

Filed under: Commodities, Stocks to Buy

Newmont Mining (NYSE: NEM) is one of plays that was perhaps bid-up prematurely by Wall Street, and as a result the party has already begun. Nevertheless, the view from view argues that the mining company's upside and the stock's recent pull-back warrant adding shares at this stage. Here's why:

In general, analysts expect a 5-7% sales gain in FY2009, aided by higher average prices for gold, which should offset lower prices for copper.

Continue reading Newmont Mining: Two minerals for the expansion - gold and copper

Newmont Mining: Two minerals for the expansion - gold and copper originally appeared on BloggingStocks on Wed, 03 Jun 2009 17:50:00 EST. Please see our terms for use of feeds.

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