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 ...

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 ...

Enduro Metals Corporation Announces 2024 Diamond Drilling Program at Newmont LakeAugust 21, 2024 7:29 AM EDT | Source: Enduro Metals CorporationKelowna, British Columbia--(Newsfile Corp. - August 21, 2024) - Enduro Metals Corporation (TSXV: ENDR) (OTCQB: ENDMF) (FSE: SOG0) ("Enduro Metals" or the "Company") is pleased to provide an update on its 2024 summer exploration program on its 100% owned Newmont Lake Project.The Company's 2024 exploration program will focus on two key objectives:Oriente ...

Early this month, the CBOE Volatility Index, or VIX soared to multi-year highs. As a contrarian indicator, a northward trek of the fear gauge implies a negative outlook for equities. To put it simply, the VIX tells us the magnitude by which options traders anticipate the market will move. Since acceleration is sharper during down cycles than up, higher mobility is generally bearish. Still, speculators may want to consider certain stocks to buy now.That’s because the VIX is part of the usual ebb and flow of ...

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Newmont Corporation (NEM) recently announced that it is expanding its use of next-generation 5G wireless networks to improve safety in underground mining following trial results from its Cadia mine in New South Wales, Australia. In February of last year, Newmont announced a 5G trial with Ericsson and Telstra Purple at its Cadia mine, which is one of the world's largest underground gold and copper mines.Prior to the study, Cadia’s upload speeds were limited to 20-30 megabits per second (Mbps) when using Wi-F ...