Newmont Stock Pops 34% in 6 Months: Is it Still a Screaming Buy?

Newmont Corporation’s (NEM) shares have shot up 33.6% in the past six months, outperforming the Zacks Mining – Gold industry’s 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 NEM’s 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 moving average (SMA) since July 3, 2024. ...