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This Quarter's Sentiment:
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SocialPicks Community
Bullish on NEM ...
NEM
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+8.88%
in
63 days
(closed on 10/01/07)
Dropped its hedging against gold, it's taken a beating this year, and is under valued, and recent run up in gold, makes its attractive.
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NEM is a SELL
NEM
From the Blogosphere
Silver Could Rise Even if Gold Falls
You don’t have to go too far these days to hear someone talk about how high gold prices could go. The topic is fiercely debated in the mainstream financial media at the moment – especially for investors who are late to the party. But are they really late, or is the “party” just getting started? Yes, investors who bought the gold ETF, SPDR Gold Trust (NYSE: GLD), or gold miners like Newmont Mining (NYSE: NEM), or Yamana Gold (NYSE: AUY) a year ago have seen their investments soar by 54%, 83% and 184% respectively.
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Zacks.com featured expert Kevin Matras highlights: AVX Corp., Macquarie Infrastructure Company LLC, Newmont Mining Corp., Shaw Communications, Inc. and SLM Corp. – Press Releases
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Chicago, IL – November 18, 2009- Kevin Matras shows how to calculate a stock's price target and how to find stocks currently trading below them. Stocks in this week’s article include AVX Corp. (NYSE: AVX), Macquarie Infrastructure Company LLC (NYSE: MIC), Newmont Mining Corp. (NYSE: NEM), Shaw Communications, Inc. (NYSE: SJR) and SLM Corp. (NYSE: SLM).Screen of the Week written by Kevin Matras of Zacks Investment Research: <>Today, after a pretty big run up, people are still wondering what their stock's price target is, but now they're wondering how high it's going to go. Either way, it's ...
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Franco-Nevada: Building Up a Royalty War Chest
<><> Newmont (NEM) mining did investors a huge favor by spinning off what is now Franco-Nevada (FNNVF.PK), a royalty company focused mainly on gold, with additional interests in Oil & Gas, Platinum, and Base metals. While Royal Gold (RGLD) garners more investor and media attention, Franco-Nevada has more upside potential, especially given the current valuations. Franco failed to take part (at least to a meaningful degree) in the $150 rally in gold over the past two months, while Royal Gold is sitting close to its 52-week high, sporting a rather rich valuation. Part of the reason may be due to th...
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ETF Movers: XLF, XLB, TAN, USO, GLD Up; FAZ, IYT, KRE Lower
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ETF Movers:HIGHER:<>Financial Select Sector SPDR (NYSE: XLF) +0.7%. Up but off the day highs.
Materials Select Sector SPDR (NYSE: XLB) +1.4%. Strength in commodity names it holds like Freeport McMoran (NYSE: FCX), Newmont (NYSE: NEM), and Alcoa (NYSE: AA).
Claymore/MAC Global Solar Energy (NYSE: TAN) +2.1%. Solar names reacting positive to jump in crude
United States Oil (NYSE: USO) +1%. Big draw down in crude inventories and inflaiton fears
<>SPDR Gold Shares (NYSE: GLD) +0.6%. Gold continues to make new highs on fears of depreciating world currencies, including the dollar.LOWER:<><>Direxion Dail...
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Newmont’s Profit Picking Up – Analyst Blog
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Gold producing company Newmont Mining Corporation (NEM) recorded a net income of 79 cents per share in the third quarter, beating the Zacks Consensus Estimate of 60 cents. Year on year, earnings grew by a robust 88% on strong gold and copper prices as well as lower costs.
Revenues for the quarter climbed 50% to over $2 billion, driven by a 29% rise in gold sales to $1.6 billion and about a fivefold increase in copper revenues to $396 million. Newmont sold 1.7 billion ounces of gold in the quarter, up 15% year over year. The company sold 141 million pound of copper compared with 44 mil...
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About Newmont Mining Corp
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