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Actionable news in NEM: NEWMONT MINING Corp,

Newmont Mining (NEM) Stock Higher as Gold Gains

NEW YORK (TheStreet) -- Newmont Mining (NEM - Get Report) stock is gaining by 3.43% to $18.99 on Wednesday afternoon, as the uptick in gold prices drives some mining and related stocks into the green today.

Gold for December delivery is up by 0.03% to $1,146.70 per ounce on the COMEX this afternoon.

The price of the precious metal extended its gains into a fourth consecutive session following Friday's disappointing U.S. jobs data, MarketWatch reports. The weak jobs report supported gold as it signaled the U.S. economy may not be ready for the Fed to hike up interest rates.

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Newmont mining is a Greenwood Village, CO-based mining and gold producing company.

Investors are "very closely observing comments out of the Fed and the likelihood that rates won't go up at all in 2015," Libertas Wealth Management Group Adam Koos told MarketWatch.

Separately, TheStreet Ratings team rates NEWMONT MINING CORP as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their...


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