Shares Of Newmont Mining (NYSE: NEM) And Barrick Gold (NYSE: ABX) Are Undervalued - Fred Dunsel (04/04/12)
Posted on April 04, 2012 at 14:17 PM EDT
After falling by 3.8% last week, Newmont Mining Corporation (NYSE:NEM) rallied 1.64% on Monday to close at $52.11. The stock has been on the decline after peaking at $63.80 in late February. NEM is currently down 13.6% for the year. As a major gold producer, NEM has benefited from high gold prices, but that also means that it is subjected to the current volatility of gold prices. The company, with a market cap of $28.06 billion, will be reporting its first quarter earnings on 27 April. [More...]
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