Newmont Mining Corp

  • When Will Gold Bottom Out and Which Mines Will Rise

    By Adrian Campos - August 18, 2013 | Tickers: ABX, NGD, NEM

    It's been a tough year for Gold mines. Just take a look at the 52 weeks past performance of the following stocks: Newmont Corporation (NYSE: NEM), owner of one of the largest and most profitable mines in the world (partial owner of Yanacocha Peru, producing over $7 billion worth of gold to date); Barrick Gold (NYSE: ABX), the largest gold mining company in the world, and New Gold (NYSEMKT: NGDmore »)

  • There is a Bigger Problem Overshadowing Gold Miners

    By Rupert Hargreaves - August 14, 2013 | Tickers: ABX, GG, NEM

    Rising CAPEX, write-downs and falling profits are all factors that are now affecting gold miners, pushing stock prices and valuations to lows not seen since, well in some cases, ever!

    However, despite these well publicized factors, one of the bigger issues affecting the company's is the creeping price of gold production, which has been rising much faster than inflation and the price of gold over the past three years more »

  • Why GOLD Should Shine in Your Portfolio

    By Chris Bailey - August 13, 2013 | Tickers: GG, NEM, GOLD

    I have long been fascinated by gold and gold mining company investment.

    I found this Oxford Economics report commissioned by the World Gold Council in 2011 particularly useful as it showed that gold (page 6) is an asset class that not only retains but increase its real (after inflation) price over time.  Later on in the report (page 33) the authors show that there is a positive impact of gold more »

  • Barrick Gold's Cost Cutting Improves Its Position

    By William Alder - August 12, 2013 | Tickers: AEM, ABX, GG, NEM

    Barrick Gold (NYSE: ABX) has been hammered in the last year or so. Production problems and falling gold prices are largely to blame. The company recently announced it took $8.6 billion in write downs and a quarterly loss of $8.56 billion. It also cut its dividend by 75%. Is the worst over for Barrick?

    Some good news from its recent earnings report is that the company has seen more »

  • How Will This Asset Sale Affect the Industry?

    By Mike Thiessen - August 2, 2013 | Tickers: ABX, CNQ, NEM

    Over the past 12 months, the gold mining sector has seen a tremendous amount of turmoil. Collapsing gold prices have caused many marginal producers to slash their profit forecasts or predict outsized losses for the 2013 and 2014 fiscal years. Even nominally healthy firms have been forced to lay off staff or close unprofitable facilities. Expansion plans and exploration projects have been taken off the table en masse. Very few more »

  • Here's How to Mine for Value

    By Marshall Hargrave - August 2, 2013 | Tickers: CLF, NEM, BTU

    In looking across the S&P 500, I found a number of top stocks that are trading at steep discounts to their 52-week high and their respective industries. The reason I decided to go "dumpster diving" in the S&P 500 is an intriguing insight provided by Nate Tobik over at Oddball Stocks. He notes that the market generally prices large stocks correctly and believes that to...

    ...outwit the market more »

  • An Insider Has Been Buying Shares of This Materials Company

    By Meena Krishnamsetty - August 2, 2013 | Tickers: FCX, NEM, SCCO

    According to a Form 4 filed with the SEC, two limited partnerships connected to Freeport-McMoRan Copper & Gold (NYSE: FCX) Board member James Flores together purchased over 500,000 shares of stock in late July at prices of about $28.65 per share. Studies show that stocks bought by insiders tend to narrowly outperform the market on average (read our analysis of studies on insider transactions), and this makes some amount more »

  • Freeport McMoran’s Giant Grasberg Problem

    By Daniel Jennings - July 30, 2013 | Tickers: FCX, NEM, RIO

    Freeport McMoran Copper & Gold's  (NYSE: FCX) biggest asset is also its biggest liability. If you know anything about Freeport, you know that its biggest money maker is the Grasberg in Papua (the Indonesian half of New Guinea), the world’s biggest gold mine and second-biggest copper operation.

    When it’s operating, the Grasberg produces an impressive 1 million pounds of copper and 1,000 ounces of gold a day more »

  • Don't Be Scared of Write-Downs From These Gold Companies

    By Vladimir Zernov - July 29, 2013 | Tickers: ABX, GG, NEM

    The earnings season is at full speed, and big gold stocks have started reporting their financial results. Two of the biggest gold companies have already reported write-downs due to lower gold prices. Goldcorp (NYSE: GG) has written down $1.96 billion, while Newmont Mining (NYSE: NEM) has written down $1.8 billion. Both stocks have been under pressure this year due to lower gold prices. Goldcorp has lost 21% while more »

  • Is a Dividend Cut Reason to Sell This Mining Stock?

    By Bob Ciura - July 26, 2013 | Tickers: FCX, GG, NEM

    If the eyes are the window into a person’s soul, then on a corporate level, we can say the same about dividends. Dividend payouts cannot be faked. Earnings can be massaged and managed from one quarter to the next, but dividends are almost always paid in real cash. A company can only maintain dividends without true earnings power for so long. Over the long term, dividends are a great more »

  • Gold: Beyond Best Intentions

    By Michael Ugulini - July 24, 2013 | Tickers: AU, ABX, ABX, NEM

    Remember, people will judge you by your actions, not your intentions. You may have a heart of gold -- but so does a hard-boiled egg.

    (Quote from Thinkexist.com)

    For gold mining companies, things can often be a little unsettling with the swings in the commodity’s price and the challenges of operating in diverse jurisdictions. Best intentions are sometimes pushed to the wayside as the realities of the mining business more »

  • All That Glitters Is Not Gold (But Sometimes It Is)

    By Grigoris Vlassis - July 22, 2013 | Tickers: ABX, NEM, GLD

    Gold is possibly the most "love-it-or-hate-it" investment asset. It's supposed to be a great hedge against inflation, and it seems like the perfect asset for those who want to preserve their wealth. On the flip side, it is very difficult to estimate its fair value with a minimum degree of certainty.

    Over the past nine months, gold has been trapped in bear-market territory, mainly because of increased optimism for more »

  • Does the Price of Gold Make Goldcorp a Bargain?

    By Daniel Jennings - July 17, 2013 | Tickers: ABX, GG, NEM

    The price of gold has been in a free fall for the last year, which has made me think about gold producers. In particular, I’ve been wondering about Goldcorp (NYSE: GG), the Canadian miner that has long been a value investor’s favorite.

    Goldcorp is cheap, but is it a bargain? The answer on the surface appears to be yes. Despite the downward spiral gold prices have been on more »

  • Is Gold Making a Comeback?

    By Lior Cohen - July 17, 2013 | Tickers: NEM, GLD, AUY

    Gold and leading gold ETF SPDR Gold (NYSEMKT: GLD) have recently rallied, but they haven’t performed well during most of the year: During 2013, the price of gold declined by 23%; the price of the ETF fell by 22.9%. Moreover, SPDR Gold's hoard plummeted by more than 30%. Is gold making a comeback? Is it time to reconsider investing in this precious metal or gold companies?

    One more »

  • Could it be Time to Dump Gold Miners in Favor of These Silver Producers?

    By Rupert Hargreaves - July 16, 2013 | Tickers: ABX, HL, NEM, PAAS

    Traditionally, gold is a safe haven asset, or it used to be. Currently, gold is anything but safe. Indeed, the SPDR Gold Trust has a beta of 0.19 indicating that the price of the fund and gold have a positive correlation to the general market. Additionally, the price of gold has hardly been steady in recent times as a combination of Federal Reserve comments and high frequency trading has more »

  • 3 Gleaming Gold Stocks to Consider Now

    By Bill Edson - July 12, 2013 | Tickers: AU, ABX, NEM

    There seems to be a lot of talk as to if gold is the 'right investment' or if it is just a trend.

    To be fair, most investments (and there are those that argue ALL) are based on market movements, consumer need, and are thus cyclical and follow a pattern or 'trend.' However, gold is attracting bargain hunters after a sharp pullback that has erased billions in value in bullion-backed more »

  • Not All Gold Miners Are Glittering

    By Madhukar Dubey - July 11, 2013 | Tickers: ABX, GG, NEM

    There are winners and losers in every gold rush; for every miner that turned up gold in California in the 19th century, hundreds got absolutely nothing. In 2013, the value of gold keeps climbing due to increased demand from emerging markets.

    According to the World Gold Council, global demand for gold was 4,361.8 tons last year, whereas mining companies produced around 2,817 tons in the same more »

  • Can Gold Miners Drop Even Further?

    By Sarfaraz Khan - July 9, 2013 | Tickers: ABX, GDX, NEM

    Gold miners in general, which are represented in the Market Vectors Gold Miners ETF (NYSEMKT: GDX), and the world’s biggest gold producer, Barrick Gold (NYSE: ABX), in particular are not looking so good following the drop in gold prices. While on one hand, the fall in the value of the precious metal has exposed the massive debt of these miners, on the other hand, Barrick Gold has to deal more »

  • Is Now Really the Time to Be a Contrarian?

    By Joshua Bondy - July 8, 2013 | Tickers: ABX, NEM, AUY

    Every investor strives to be a contrarian; the individual who can see the wisdom and the folly of the crowd for what it is. The contrarian message usually gets watered down to the idea of simply doing the opposite of what everyone is doing. The gold market is one place where it is extremely dangerous to blindly follow a watered-down contrarian message. Just because gold prices and the stock prices more »

  • Once in a Lifetime Opportunity to Buy Barrick Gold!

    By John Dowdee - July 5, 2013 | Tickers: ABX, GG, NEM

    Baron Rothschild, who made a fortune after Napoleon was defeated at Waterloo, is credited with the saying: “The time to buy is when there is blood in the streets.” In more recent times, Warren Buffett expressed a similar sentiment when he opined: “Be greedy when others are fearful.” These snippets of market wisdom have never been truer than now when you consider the total collapse of gold mining stocks. In more »

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