In the most recent trading session, Newmont Corporation (NEM) closed at $59.46, indicating a +2.11% shift from the previous trading day.
Newmont (NEM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
With rising gold prices and solid demand boding well for the Zacks Mining - Gold industry, investors may scoop up stocks like NEM, FNV, KGC, EGO and NGD.
NEM climbs 22% in 3 months, fueled by gold's surge on strong safe-haven demand and rising earnings estimates.
NEM's gold production dropped in Q1 as it exited non-core assets, with Tier-1 mines now facing pressure to deliver.
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Newmont (NEM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Newmont Corporation (NEM) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, NEM broke through the 20-day moving average, which suggests a short-term bullish trend.
NEM's Q1 cost surge and projected AISC rise raise concerns over profitability despite gold price-driven stock gains.
Newmont Corporation (NEM) closed at $52.56 in the latest trading session, marking a -1.35% move from the prior day.
Newmont's price might not have gone anywhere in the past couple of months, but there's a good reason it can, even after the stock's robust YTD gains. Gold price, for one, is firmly on the upward trajectory after a small wobble following hopes of improved economic prospects because of US-China talks. The company's Q1 2025 earnings also surprised significantly to the upside, leaving room for more of the same trend for the rest of 2025.
Here is how Newmont Corporation (NEM) and Posco (PKX) have performed compared to their sector so far this year.