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See How Newmont Mining Corp Ranks Among Analysts' Top Metals Picks


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A study of analyst recommendations at the major brokerages shows that Newmont Mining Corp (Symbol: NEM) is the #38 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index , according to Metals Channel . The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector. The companies listed in the Metals Channel Global Mining Titans Index are not fixed, but instead variable - updating on a continuous basis to reflect the changing market environment with respect to commodity prices, government policy and market volatility.

In forming this rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components of the Metals Channel Global Mining Titans Index were ranked according to those averages. Investors often interpret analyst opinions from different angles - when companies have a low rank among analysts, it isn't necessarily the case that investors should conclude that the stock will perform poorly. It can, of course, but a bullish investor could also take the contrarian angle and read into the data that there is lots of room for upside because the stock is so out of favor.

NEM operates in the Metals & Mining sector, among companies like Rio Tinto plc ( RIO ) which is up about 0.4% today, and Southern Copper Corp ( SCCO ) trading lower by about 0.2%. Below is a three month price history chart comparing the stock performance of NEM, versus RIO and SCCO.

NEM,RIO,SCCO Relative Performance Chart

NEM is currently trading up about 0.7% midday Thursday.

Analyst Favorites of the Metals Channel Global Mining Titans Index »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Commodities
Referenced Symbols: RIO , SCCO , NEM


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