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On a disastrous day for mining stocks, Newmont Mining (NEM -4.2%) also is downgraded to Market...

On a disastrous day for mining stocks, Newmont Mining (NEM -4.2%) also is downgraded to Market Perform at Cowen. It's not a stinging rebuke, as the firm sees shares as fully valued while remaining positive on NEM's prospects and ability to pay dividends. But it's enough to send NEM to fresh 52-week lows, along with: AUY -7.1%, ABX -6.5%, ANV -6.3%, GG -5.6%, SLW -5.5%, GOLD -5.1%, EGO -5%, VALE -4.7%, RIO -4.6%, BHP -3.6%, AU -3.3%, GFI -3.3%, PAAS -2.5%, HMY -1.9%, BVN -1.8%.
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Comments (6)
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    How insightful Mr. Cowen analyst!! Im sure you had a buy on it at $60/share. Lemmings-what a patheitc disservice they provide- Buy High Sell Low
    20 Jun 2013, 10:54 AM Reply Like
  • wrscomncents
    , contributor
    Comments (684) | Send Message
     
    @wapiti

     

    No different then all the analyst. They'll have a buy rating when its back up $10.00.
    20 Jun 2013, 11:39 AM Reply Like
  • Sportivny
    , contributor
    Comments (74) | Send Message
     
    Xmas comes early... good bargains
    20 Jun 2013, 01:06 PM Reply Like
  • Ericus1
    , contributor
    Comments (10) | Send Message
     
    SSRI... cash pro share; $6!
    20 Jun 2013, 03:40 PM Reply Like
  • Charles Cooke
    , contributor
    Comments (53) | Send Message
     
    Stocks on sale. ABX and PAAS are not 'just' underpriced, they are at their five year lows. : ) --- Look back on the chart at the 'mountain upside' for their future growth potential.
    20 Jun 2013, 10:13 PM Reply Like
  • Charles Cooke
    , contributor
    Comments (53) | Send Message
     
    ABX and PAAS are on sale! They are not 'just' undepriced, they are at their five year lows. Look back at the chart of the mountain from which they fell. This is their upside going forward. Happy buying. : )
    20 Jun 2013, 10:13 PM Reply Like
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