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.
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The price of gold hit an all-time high Thursday, with shares of Newmont (NEM) and other miners surging along with it as investors sought safe haven assets amid tariff-fueled volatility.
Newmont (NEM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
In the latest trading session, Newmont Corporation (NEM) closed at $44.86, marking a +1.54% move from the previous day.
Newmont Corporation NEM and Barrick Gold Corporation GOLD are two of the biggest gold mining companies on the planet, each with extensive operations across multiple continents and diversified portfolios. With gold prices soaring, driven by global economic uncertainties and trade tensions, comparing these two industry giants is particularly relevant for investors seeking exposure to the precious metals sector.
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) closed at $48.28 in the latest trading session, marking a +0.42% move from the prior day.
Gold mining stocks have staged a remarkable outperformance over the S&P 500 over the past year. Newmont has closed a remarkable 2024 "year of transformation." 2025 brings new challenges, but the market remains favorable. Lowering its costs curve, while transitioning toward its Tier-1 portfolio will become increasingly pivotal to drive growth for NEM.
Newmont Corporation (NEM) closed the most recent trading day at $46.82, moving -1.14% from the previous trading session.
Newmont has faced challenges but is poised for recovery with operational mines and surging metals prices, setting strong expectations. Despite cost management challenges, Newmont excels in asset acquisition and divestment, enhancing production consistency and financial health. Integration of Newcrest assets is crucial. The lower AISC could help manage overall costs and improve Newmont's balance sheet.
Newmont (NEM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.