$54.58 -1.25 (-2.24%)
12/3/2009 4:00 PM

Newmont Mining Corp (NEM)

CAPS Rating: 3 out of 5

A gold producer, engaged in the exploration for and acquisition of gold properties. The Company has operations in the United States, Australia, Peru, Indonesia, Canada, Bolivia, New Zealand, Ghana and Mexico.

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Member Avatar clarkinbrazil (84.91) Submitted: 5/29/2008 10:48:51 AM : Underperform Start Price: $46.38 NEM Score: -13.64

With gold priced so high, why is this companies P/E so high? It should have higher earnings at these gold levels unless this company has some internal problems. You can't eat gold so with the price of food going up, gold would be a less attractive investment than food.

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