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Newmont Corporationâs NEM shares have rallied 41.5% in the past six months, outperforming the Zacks Mining â Miscellaneous industryâs decline of 5%. The bullishness appears to have been catalyzed by its forecast-topping earnings performance in the second quarter on the back of higher gold prices and production.
The stock is currently trading at a roughly 8.5% discount to its 52-week high of $50.72, reached on Aug 2, 2024, thanks to a new all-time high in gold prices.
Techni...
>>> Read more: Newmont (NEM) Rallies 42% in 6 Months: Is it a Good Time to Buy?
The stock is currently trading at a roughly 8.5% discount to its 52-week high of $50.72, reached on Aug 2, 2024, thanks to a new all-time high in gold prices.
Techni...
>>> Read more: Newmont (NEM) Rallies 42% in 6 Months: Is it a Good Time to Buy?
