Newmont is our top gold

Article Excerpt

NEWMONT MINING $55.71 (New York symbol NEM; Shares outstanding: 483.5 million; Market cap: $26.9 billion; SI Rating: Average; Dividend yield: 0.7%) reports that its cash flow per share rose 69.4% in the three months ended March 31, 2010, to $1.83 from $1.08 a year earlier (all figures in U.S. dollars). Revenue rose 46%, to $2.2 billion from $1.5 billion. Results rose on higher gold and copper prices. Newmont sold gold for $1,106 an ounce, up 22.1% from $906. Copper selling prices rose 97%, to $3.33 a pound from $1.69. Gold could well move higher over the longer term, although it will likely remain volatile. Higher gold would arise from investor fears that low interest rates and government stimulus spending will spur inflation. A continuing European debt crisis would just add to gold’s rise. Newmont Mining is a buy. buy…