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Newmont Mining is Among the Companies in the Gold Industry With the Lowest Price to Sales Ratio (NEM, KGC, ABX)

Published on Mon, 02/11/2013 - 11:20
By Adrienne Chilton

Below are the three companies in the Gold industry with the lowest price to sales per share ratios. Often companies with the lowest ratio present the greatest value to investors.

Newmont Mining (NYSE:NEM) is lowest with a price to sales ratio of 2.16. Newmont Mining Corporation acquires, explores, and develops mineral properties. The Company produces gold from operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico. Newmont also mines and processes copper in Indonesia. Thus far today, Newmont Mining has traded 1.2 million shares, vs. average volume of 5.9 million shares per day. The stock has underperformed the Dow (-1.2% to the Dow's -0.2%) and underperformed the S&P 500 (-1.2% to the S&P's -0.1%) during today's trading.

Following is Kinross Gold (NYSE:KGC) with a price to sales ratio of 2.22.

Finishing up the bottom three is Barrick Gold (NYSE:ABX), with a price to sales ratio of 2.27.

By Adrienne Chilton
achilton@fnno.com