52-week low screener
reveals that one of the world's largest gold producers, Newmont
Mining Corporation (
), is at a 52-week low of $31.45 (high was $57.93). According to
the GuruFocus Value Screen for 52-week lows, NEM is 45.7% off
high. But top investor Gurus,
Arnold Van Den Berg
have added to their positions as of March 31, 2013.
Newmont Mining Corporation (
) is a gold and copper producer, with assets or operations in the
U.S., Australia, Peru, Indonesia, Ghana, New Zealand and Mexico.
Founded in 1921 and publicly traded since 1925, Newmont Mining
Corporation is the only gold company included in the S&P 500
Index and Fortune 500. Headquartered near Denver, Colo., the
company has approximately 40,000 employees and contractors
For some investors, it doesn't matter that a company's cash flow
from operations is divergent from the reported net income, or
that asset growth is faster than revenue growth, or that
inventory is building up, or that revenue has declined over the
last year, as is the case with Newmont. Investors may just give
more weight to a company's positive signs, such as: The NEM stock
dividend yield is close to a10-year high, and the P/E ratio
(8.8574) is close to a 10-year low of 8.8574. Also, NEM's P/B
ratio (1.2) is close to a 10-year low of 1.19, and its P/S ratio
(1.68) is close to a 10-year low of 1.66.
Further, in 2012 Newmont Mining had annual revenue of $9.9
billion, net income of 1.8 billion, and an operating cash flow of
$2.4 billion. Newmont had record regular dividends paid to
shareholders of $695 million, or $1.40 per share, representing a
payout ratio of 38% of adjusted net income. The company has been
included in the Dow Jones Sustainability World Index for the
sixth year in a row.
Newmont's core commodities are gold and copper. At the end of
2012, the company lists 99.2 million attributable ounces of
proven and probable gold reserves and attributable production of
5 million ounces. For copper last year, the company lists 9.5
billion attributable pounds of proven and probable copper
reserves and attributable production of 143 million pounds.
As of March 31, 2013,
Arnold Van Den Berg
of Century Management increased his NEM position by 76.48% buying
430,276 shares at an average price of $48.14 per share for a 35%
loss. Van Den Berg's holding history shows five consecutive
quarters of losses since he first bought the stock in first
quarter 2012. He now owns 992,859 NEM shares after the trade. The
current NEM share price is $33.97 with a change from average down
Guru Brian Rogers of T. Rowe Price Equity Income Fund also added
to his NEM position as of March 31, 2013. Rogers increased his
position by 81.67% buying 1,225,000 shares at an average price of
$42.68 per share for a 26.5% loss. Rogers' trading history shows
three consecutive quarters of losses since he first bought the
stock in the third quarter of 2012. He now owns 2,725,000 NEM
shares after the trade.
The portfolio of T. Rowe Price Equity Income Fund lists 120
stocks with a total value of $25.2 billion and a
quarter-over-quarter turnover of 3%.
Brian Rogers' top buys, sells and holdings:
Century Management has a portfolio of 62 stocks has a total value
of $1.02 billion, and a quarter-over-quarter turnover of 8%.
Arnold Van Den Berg's top buys, sells and holdings:
Check out the GuruFocus special feature 52-week low screener
to help you find stocks hitting new lows but are still held by
top investor Gurus and Insiders. Researching these stocks may
help you find deep valued stocks.
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