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

|About: Newmont Mining Corporation ... (NEM)|By:, SA News Editor

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%.