Newmont Investors Should Have Expected It
Shares of Newmont Mining (NYSE: NEM) have risen 120% over the past year. However, over that 52-week period, there was a 10% drawdown, a 20% drawdown, and a 25% drawdown. Those are dramatic declines, but nobody should be surprised. The stock is currently around 8% off from its 52-week high, but the rollercoaster ride isn't over. Here's why Newmont Mining is attractive and why some investors may still want to avoid it.
Newmont Mining is a large miner, as its name implies. It primarily produces gold, with modest exposure to silver, copper, lead, and zinc. These other metals are often found alongside gold and aren't a major source of revenue for the company. The big story is gold.
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Source Fool.com
