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Newmont Corporationâs NEM shares have shot up 33.6% in the past six months, outperforming the Zacks Mining â Gold industryâs rise of 16.6%. A surge in gold prices driven by monetary policy easing and heightened geopolitical tensions has contributed to the run-up in NEMâs shares.
The stock is currently trading at a roughly 6% discount to its 52-week high of $56.30, reached on Sept. 25, 2024.
Technical indicators show that NEM has been trading above the 50-day simple mov...
>>> Read more: Newmont Stock Pops 34% in 6 Months: Is it Still a Screaming Buy?
The stock is currently trading at a roughly 6% discount to its 52-week high of $56.30, reached on Sept. 25, 2024.
Technical indicators show that NEM has been trading above the 50-day simple mov...
>>> Read more: Newmont Stock Pops 34% in 6 Months: Is it Still a Screaming Buy?
