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Newmont Mining (NEM) NewsBite - Gold Futures Boost NEM

Oct 12, 2009 (Fresh Brewed Media via COMTEX) --

Company: Newmont Mining Corp. (NEM)

Newmont Mining (NYSE: NEM) opened at $47.02. So far today, the stock has hit a low of $46.04 and a high of $47.40. NEM is now trading at $46.60, up $0.10 (0.22%). Over the last 52 weeks the stock has ranged from a low of $21.17 to a high of $49.84. Shares of NEM are rising with other gold stocks today, helped by higher gold futures. Technical indicators for the stock are neutral and S&P gives NEM a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on NEM the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 40 range.

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News Provided by COMTEX

Company: Newmont Mining Corp. (NEM)


Related terms: futures, gold, mining, nyse, S&P

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