Newmont Corporation (NEM) closed at $47.51 in the latest trading session, marking a -1.57% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.78%. Elsewhere, the Dow lost 1.29%, while the tech-heavy Nasdaq lost 0.7%.The the stock of gold and copper miner has risen by 15.51% in the past month, leading the Basic Materials sector's gain of 1.42% and the S&P 500's gain of 2.14%.The investment community will be paying close attention to the earnings performance of Newmont Cor ...

The most recent trading session ended with Newmont Corporation (NEM) standing at $47.52, reflecting a +0.74% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.55% for the day. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.63%.Heading into today, shares of the gold and copper miner had gained 16.3% over the past month, outpacing the Basic Materials sector's loss of 0.79% and the S&P 500's gain of 4.28% in that time.The inv ...

Henrik Sorensen/DigitalVision via Getty Images Newmont Corporation (NYSE:NEM) stock, known for its gold production, turned to follow the price of gold. Prior to the end of February, sellers ruled the marketplace with a continual drum like a beating onslaught day after day. Last year, Newmont completed a merger/purchase with Newcrest, an Australian gold and copper company. Investors found this acquisition hard to swallow with stock dilution near four hundred million shares. Although our purpose in this a ...

Nikada Introduction I've been looking at companies that completed IPOs in 2024 and this is how renewable energy firm SolarMax Technology (NASDAQ:SMXT) popped on my radar screen. The latter raised $18 million in February, and its market capitalization doubled on the first day. However, the market valuation of SolarMax Technology eventually dropped to just $130.5 million as of the time of writing. Looking at the latest available financials, I doubt that the stock is likely to be trading near the $4.00 IPO pri ...

Newmont Corporation (NEM) closed the most recent trading day at $44.13, moving -0.85% from the previous trading session. This move lagged the S&P 500's daily gain of 0.1%. At the same time, the Dow lost 0.08%, and the tech-heavy Nasdaq gained 0.28%.The gold and copper miner's shares have seen an increase of 10.28% over the last month, surpassing the Basic Materials sector's loss of 0.98% and the S&P 500's gain of 4.08%.The investment community will be paying close attention to the earnings performance of Ne ...

Newmont Corporation’s (NEM) shares have racked up a 12.2% gain in the past three months, outperforming the Zacks Mining – Miscellaneous industry’s decline of 1.8% and the broader Zacks Basic Materials sector’s decrease of 6.5%. It has also topped the S&P 500’s 7.6% rise over the same period. The bullishness appears to have been catalyzed by expectations of solid earnings in the second quarter on the back of a rally in gold prices.The stock is currently trading at a roughly 3% discount to its 52-week high of ...

Newmont Corporation (NEM, Financial) released its first-quarter earnings on April 25. It was a significant quarter because the Newcrest acquisition was finalized on Nov. 6, 2023, so metals production fully reflects the merger's completion. Metal production included only partial production from Newcrest in the fourth quarter of 2023.Most revenues in the first quarter came from gold, but copper and silver also contributed significantly.As a reminder, on Feb. 22, 2023, Newmont announced 2023 mineral reserves f ...

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 ...

style-photography Over the last few years, I've discussed the bullish fundamentals for gold that would drive the metal much higher in price (5 Reasons Why Investors Should Have Some Exposure To Gold and Gold: Third Time's The Charm). The fair value of gold in USD is determined by the U.S. money supply. Before the pandemic, M2 - a broad measure of money stock - had increased at an average annual rate of 5-10% in the U.S. As a response to the economic deterioration caused worldwide by the outbreak of COVID-19 ...

In the latest market close, Newmont Corporation (NEM) reached $41.90, with a -1.64% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.09%. Elsewhere, the Dow lost 0.1%, while the tech-heavy Nasdaq added 0.16%.The the stock of gold and copper miner has risen by 1.48% in the past month, leading the Basic Materials sector's loss of 3.97% and undershooting the S&P 500's gain of 2.83%.Analysts and investors alike will be keeping a close eye on the performance of Newmont Corpor ...