NEM News: Newmont (NEM) Gains 12% in 3 Months: Should You Buy the Stock? - 8th Jul 2024, 10:22pm

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Newmont Corporation’s NEM shares have racked up a 12.2% gain in the past three months, outperforming the Zacks Mining – Miscellaneous industry’s decline of 1.8% and the broader Zacks Basic Materials sector’s decrease of 6.5%. It has also topped the S&P 500’s 7.6% rise over the same period. The bullishness appears to have been catalyzed by expectations of solid earnings in the second quarter on the back of a rally in gold prices.

The stock is currently trading at a rou...

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