Newmont Mining Bounces Higher

Filed under: Newmont Mining (NEM), Stocks to Buy

Newmont Mining (NEM), first discussed here on June 3, 2009 at a price of $46.42, continues to break new ground (pun intended) share price-wise, but it's not a stock for low-risk investors.



However, if you can tolerate volatility -- Newmont's stock practically defines uptrend volatility -- Newmont still has the right commodities for globalization's third decade: copper and gold.



Newmont will likely post a 10-15% revenue gain in 2010, on both higher production and higher average prices for copper and gold. Global demand should support copper prices, and currency market uncertainty (and low, real interest rates) will continue to benefit gold prices.

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Newmont Mining Bounces Higher originally appeared on BloggingStocks on Fri, 01 Oct 2010 14:30:00 EST. Please see our terms for use of feeds.

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Newmont Mining Corporation - Gold - Newmont Mining - BloggingStocks - Copper

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