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10 Stocks That Have Gone Nowhere Since the 2009 Lows

The bull market has raged for five years ... but a few stragglers were left well behind

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Newmont Mining (NEM)

newmont-mining-nem-stockIndustry: Metals & mining
Market Capitalization: $12.4 billion
Total Return Since 3/9/2009: -27%

Newmont Mining (NEM) is a gold and copper company that has been slammed by the weak commodity prices that have been a feature of Wall Street since the bear market lows. While lower input costs might be nice for manufacturers, companies like Newmont that spend big bucks on mining operations have been in deep trouble as the metals they extract command low prices on the open market.

The company also has been the target of a lot of negativity since 2011, as gold prices collapsed from record highs and Wall Street shunned the precious metal.

For fiscal 2014, Newmont looks to be stabilizing after a big loss in fiscal 2013 … but analysts still predict another 5% to 10% decline in revenue despite better profitability.

Article printed from InvestorPlace Media,

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