Newmont Corporation’s (NEM) shares have rallied 24.8% in the past three months, outperforming the Zacks Mining – Gold industry’s rise of 12.4%. Forecast-topping earnings performance in the second quarter on the back of higher selling prices and production, along with a surge in gold prices, has contributed to the run-up in NEM’s shares.The stock is currently trading at a roughly 6% discount to its 52-week high of $53.88, reached on Aug. 30, 2024. Technical indicators show that NEM has been unremittingly tra ...

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Newmont Corporation (NEM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Newmont Corporation is a member of the Basic Materials sector. This group includes 236 individual stocks and currently holds a Zacks Sector Rank of ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Newmont Corporation (NEM) closed at $51.93 in the latest trading session, marking a +0.62% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.3%. Meanwhile, the Dow lost 0.54%, and the Nasdaq, a tech-heavy index, added 0.25%.Heading into today, shares of the gold and copper miner had gained 11.23% over the past month, outpacing the Basic Materials sector's loss of 0.14% and the S&P 500's gain of 3.42% in that time.The investment community will be paying close attention to the earnings ...

In the latest market close, Newmont Corporation (NEM) reached $53.39, with a +0.39% movement compared to the previous day. This move lagged the S&P 500's daily gain of 1.01%. Elsewhere, the Dow saw an upswing of 0.55%, while the tech-heavy Nasdaq appreciated by 1.13%.Shares of the gold and copper miner have appreciated by 7.33% over the course of the past month, outperforming the Basic Materials sector's gain of 0.78% and the S&P 500's gain of 2.5%.Investors will be eagerly watching for the performance of N ...

McLaren Completes Sale of the Augdome Gold Property in Timmins, Ontario to NewmontAugust 27, 2024 5:33 PM EDT | Source: McLaren Resources Inc.Toronto, Ontario--(Newsfile Corp. - August 27, 2024) - McLaren Resources Inc. (CSE: MCL) (FSE: 3ML) ("McLaren" / the "Company") announces the completion of the sale of the Augdome gold property for $572,889 and a 1.0 % net smelter returns royalty on any gold produced from the property pursuant to a four-year option agreement with Goldcorp Canada Ltd., a ...

RiverRockPhotos The soft US economic landing appears to have rocky implications for the US Dollar Index (DXY). A decent macro growth backdrop along with a weaker greenback is a bullish recipe for spot gold. Heading into the final week of August, the precious metal traded at more all-time highs, above $2525 per ounce. Certainly, lower real interest rates have been a tailwind, too. I reiterate a buy rating on Newmont Mining (NYSE:NEM). I am raising my intrinsic value target from $50 last November to $65 b ...

chameleonseye Newmont: Bullish Breakout Validated I don't think bullish Newmont Corporation (NYSE:NEM) investors are surprised by the robust rally since NEM bottomed out in February 2024. As a result, NEM has continued outperforming the S&P 500 (SPX) (SPY) over the past six months, as investors bet correctly on the lower interest rates ahead. Given Newmont's market leadership and improved execution, it has also outperformed the SPDR Gold Shares ETF (GLD) since its February 2024 lows. In my previous bullish ...

A month has gone by since the last earnings report for Newmont Corporation (NEM) . Shares have added about 12.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Newmont due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Newmont's Earnings and Revenues Beat Estimates ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Newmont Corporation (NEM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Newmont currently has an average brokerage recommenda ...