This article examines four gold mining stocks and one silver mining stock. Many mining stocks suffered losses in September due to a market correction. However, some of these stocks turned around in October and have begun to climb higher. If you believe that the prices of gold and silver will remain high, then you will want to know which of these stocks has the best potential to achieve big gains.
Newmont Mining Corporation (NEM) NEM has a market cap of $34.33 billion with a price to earnings ratio of 15.8. The stock has traded in a 52 week range between $50.05 and $71.25. The stock is currently trading around $69. The company reported third quarter revenues for the period ending on September 20th in the amount of $2.74 billion compared to revenues of $2.59 billion in the third quarter of 2010. Third quarter net income was $493 million compared to net income of $537 million in the third quarter of 2010.To continue reading, click here
One of NEM competitors is Anglo Gold Ashanti (AU). AU is currently trading around $47 with a market cap of $18.21 billion and a price to earnings ratio of 24.98. AU pays a dividend which yields $0.5% versus NEM whose dividend yields 2.1%.
NEM is a gold mining company that has assets throughout the world. The company reported 2010 net income of $2.27 billion which was a 74.6% increase from 2009. The company has been able to increase its earnings because gold prices have been near all time highs.