Is Newmont Stock Still a Buy After a 26% Rally in 3 Months?

Key Takeaways Newmont's shares gained 26.2% in three months, outpacing the industry and the S&P 500.Gold's record rally and forecast-topping earnings have powered NEM's performance.NEM posted lower Q3 gold output from divestments and grades, with declines expected into Q4.Newmont Corporation’s (NEM) shares have popped 26.2% in the past three months, buoyed by a surge in gold prices to record highs amid heightened geopolitical tensions and hopes of more interest rate cuts. NEM’s forecast-topping earnings per ...