NEWMONT MINING CORP. $53 - New York symbol NEM

NEWMONT MINING CORP. $53 (New York symbol NEM; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 495.1 million; Market cap: $26.2 billion; Price-to-sales ratio: 2.6; Dividend yield: 2.6%; TSINetwork Rating: Average; www.newmont.com) stopped construction of its 51.35%-owned Conga gold/copper mine in Peru in November 2011. The move was in response to protests by local farmers who fear the mine will contaminate water supplies.

An independent group is now reviewing the mine’s environmental impact, and should release its report in April 2012. Meanwhile, Newmont has cut 6,000 jobs at Conga. That will lower its losses until it can restart the project.

Newmont is a buy.

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Value Stocks

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One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

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