The cash proceeds received this year will support NEM's ongoing efforts to reinforce its balance sheet.
While the market continues to digest tariff headlines and other economic developments, UnitedHealth, Newmont, and Sprouts Farmers Market have all been climbing higher.
Newmont (NEM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the most recent trading session, Newmont Corporation (NEM) closed at $54.58, indicating a -0.38% shift from the previous trading day.
Zacks.com users have recently been watching Newmont (NEM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The latest trading day saw Newmont Corporation (NEM) settling at $54.79, representing a -0.33% change from its previous close.
Major U.S. equities indexes rose Friday to close out a turbulent week for the stock market as investors reacted to the latest announcements on tariffs. After fluctuating for much of the trading day, the S&P 500 rallied in the afternoon to close 1.8% higher.
With soaring gold prices and investor interest surging in the gold mining space, let us analyze which is the better pick now - AngloGold Ashanti or Newmont.
Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, ETR:NMM) shares moved higher after the gold producer was upgraded by UBS analysts citing a more supportive macro backdrop for gold, strong free cash flow outlook, and the potential for sustained shareholder returns. The analysts upgraded the stock to ‘Buy' from ‘Neutral' and boosted their price target to $60 from $50.
The major U.S. equities indexes edged higher at midday Friday after wavering between losses and gains earlier in the session, as investors digested a slew of bank earnings and China hiked tariffs on U.S. goods.
Shares of gold miner Newmont are outpacing the price of gold after lagging behind for years.
Shares of Newmont (NEM) and other miners surged Friday, while the price of gold climbed to fresh highs as investors flocked to safe haven assets amid economic uncertainty.