Newmont is our top gold

Article Excerpt

NEWMONT MINING $30.48 (New York symbol NEM; Shares outstanding: 533.4 million; Market cap: $16.3 billion; TSINetwork Rating: Average; Dividend yield: 1.8%; www.newmont.com) is one of the world’s largest gold and copper producers. Its mines are in North America, South America, Australia and Africa. Newmont continues to open additional mines and expand existing properties. It’s also using acquisitions to expand. Meanwhile, the company expects improved gold production in the second half of 2018 will let it meet its full-year goal of 4.9 million to 5.4 million ounces. Newmont should also earn $1.27 a share for 2018, and the stock trades at 24.0 times that forecast. The $0.56 dividend yields 1.8%. Newmont Mining is a buy, but only for investors who want to own a gold stock. stock…