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Newmont Mining weakness after results overdone, says Sterne Agee

Sterne Agee believes that the decline in Newmont's stock following its Q4 results was overdone. The firm notes that the company's free cash flow is expected to be positive for the next two quarters, and it thinks the stock underestimates where gold may trade. Sterne expects the company's valuation to regain support going forward, and it keeps a Buy rating on the shares.