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Newmont Mining, Kinross Gold, DRD Gold and Harmony Gold

May 14, 2009 | Comments: 0
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NEM | KGC | DROOY | HMY
For Immediate Release

Chicago, IL – May 14, 2009 - Zacks.com announces the latest Industry Outlook. Today's outlook from Zacks Equity Research analyst Paul Raman discusses the Metals & Mining sector. Highlighted stocks include: Newmont Mining (NEM - Analyst Report), Kinross Gold Corp. (KGC - Analyst Report), DRD Gold (DROOY - Snapshot Report) and Harmony Gold (HMY - Analyst Report).

Here is the latest on the Metals & Mining sector:

Both Newmont Mining (NEM - Analyst Report) and Kinross Gold Corp. (KGC - Analyst Report) have announced sizable stock offerings in recent days. They know when the gold market and their stocks have peaked. Gold has no value and has spiked recently - It is just another metal like copper and lead. Its luster is in name only. It is economically sensitive. Most, if not all, other commodities have collapsed in recent months.

That said, DRD Gold (DROOY - Snapshot Report) is a Buy due to high gold prices, strong free cash flow and an improving balance sheet. Harmony Gold (HMY - Analyst Report) is a Buy due to high gold prices, closing high cost mines and lowering its debt level.

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