The original initiated price of this coverage was $55.76. Over the time span of this coverage, the underlying security paid 1 dividend, comprising 0.5% dividend income.
NEM: Ideally buy at $54 or below. Its the only gold company in the Standard & Poor's 500 Index.
Newmont Mining engages in the acquisition, exploration, and production of gold and copper properties. The company's assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand, and Mexico.
As of December 31, 2009, it had proven and probable gold reserves of approximately 93.5 million equity ounces and an aggregate land position of approximately 27,500 square miles.
Newmont has held up extremely well in the market pullback. It is roughly at the same price level it was a month ago.