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Sterling Investment Services has recently initiated research coverage on Sun River Energy, Inc. We feel that this company has excellent long term potential and is worth taking a serious look at. Additional information on Sun River Energy, Inc. (OTC BB: SNRV) can be found (here)


Our most recent Performance Report on the recommendations contained within the Sterling Prime Stock Newsletter can be found (here.) For the 1st time since we began publishing the Sterling Prime Stock Newsletter 20 of our last 20 recommendations were profitable. This is a 100% success rate with an average profit per trade of $0.97share. Additionally archived copies of our Performance Reports are available (here.)

 

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PRIME STOCK NEWSLETTER FOR November 9th, 2009

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Position Statement: In our Prime Recommendation Letter we attempt to identify the recommendation with the highest probability of moving higher.  We recommend that stop orders be placed at the time of purchase,  and once the position has moved profitable we recommend a stop be placed a minimum of $0.375 above the purchase price and moved higher as the position moves higher.

Today's Comments: No Comments re. the overall market today.

 


Recommendation: BUY

Newmont Mining Corp. 'NEM'

Company: Newmont Mining Corp. Symbol: 'NEM' Closing Price: $49.04

Web: www.newmont.com

YH: $51.30 YL: $21.17 EPS: $1.60 P/E: 32

Shares Outstanding: 490 Million

Forecasted EPS:.$2.81 Market Cap.: $24 Billion

Dividend: $0.40

Yield: $0.80 Aver. Daily Trading Volume: 8.3 Million Shares  
Price Targets: $56.22, and then $59.85 Downside Stop:  $48.47/share
Options Rec.: Nov 45 Calls @ $4.40/contract Options Symbol: NEM K45 ?

Additional information on Newmont Mining Corp. 'NEM'' can be found (here)

Company Description: Newmont Mining Corporation engages in the production of gold from its properties in the United States, Australia, Peru, Indonesia, Ghana, Canada, Bolivia, New Zealand, and Mexico. It owns properties in Nevada, which include open pit mines and underground mines, including Carlin, located west of the city of Elko on the geologic feature known as the Carlin Trend; the Twin Creeks mine and the Midas mine near the town of Valmy; the Phoenix mine located south of Battle Mountain; and the Leeville underground mine located on the Carlin Trend. The company’s properties in Australia/New Zealand include the Fimiston open pit mine and Mt. Charlotte underground mine at Kalgoorlie, Australia; the Favona underground deposit and the Martha open pit located within the town of Waihi southeast of Auckland, New Zealand; and Boddington, a development project located southeast of Perth in Western Australia. Newmont also owns interest in a porphyry copper/gold deposit known as Batu Hijau located on the island of Sumbawa, Indonesia; and operates two open pits located in the Brong-Ahafo Region of Ghana. In addition, the company, through its interest in Minera Yanacocha S.R.L., owns interest in gold properties located near Cajamarca in Peru. Further, it owns interests in the Kori Kollo open pit mine in Bolivia; the La Herradura property located in Mexico; and the Hope Bay project in the Nunavut Territory of Canada. As of December 31, 2007, Newmont had proven and probable gold reserves of approximately 86.5 million equity ounces and an aggregate land position of approximately 42,680 square miles. The company was founded in 1916 and is headquartered in Denver, Colorado.

Chart for Mosaic Company

Chart updates daily

Recent News:
11/06 Gold Will Touch Higher Lows and Higher Highs: Analyst at CNBC (Fri, Nov 6)
  11/05 Barreling Toward $1,100 And Still Buying Gold at Forbes.com (Thu, Nov 5)
  11/02 Is This A Fall Stall Or A Swoon?  at Forbes.com (Mon, Nov 2)
A full list of the news headlines for Newmont Mining Corp. 'NEM' can be found (here)

Our Analysis: The shares of Newmont Mining Corp. 'NEM' closed sharply higher on Friday on heavier than normal trading volume. In the process they set a new yearly closing high and completed a "cup pattern" with a measured move to our upper price target of $59.85/share. I see downside support on the shares of 'NEM' @ $48.87/share, and have set my stops accordingly @ $48.47/share.


Stocks Looking Higher
MA, VPRT, TAM, BR, MDVN, AGN, AMMD, MCK, VRTX, NC, CE, HNT, NPO, OYOG, GE, HL, ABX, NEM, NSC, TRV, AKAM
Stocks Looking Lower
CROX, VLO, TSO, SUN

Yesterday's Edition of the Prime Stock Newsletter
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