$54.58
-1.25 (-2.24%)
Newmont Mining Corp (NEM)
CAPS Rating:
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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Gold play based on fundamentals (supply and demand) and a hedge against inflation. NEM is trading near a 52 week low. Recent correction in gold and other commodities is overblown. The fundamentals have not changed - China, et al. will continue to need gold and other metals to grow their economies. Recent massive infusions of capital by the Fed pose significant inflation risk for which gold is the refuge of choice.