Newmont Mining Corp (NYSE: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.

Recs

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Player Avatar americanbuffalo (< 20) Submitted: 10/6/2011 11:40:14 PM : Outperform Start Price: $64.17 NEM Score: -22.25

Like many of the miners Newmont was lagging the long term bull market in gold but recently this has changed.

Back in April the company linked its dividend directly to the price of gold and since then NEM has had a very close correlation to the price of gold. Gold will continue to rise due to expanding government debt and out of control fiat money creation and Newmont will rise with it.

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