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Stock impact report

Why Newmont Stock Jumped 26% Amid Market Volatility This Week [Yahoo! Finance]

Newmont Corporation (NEM) 
Last newmont corporation earnings: 2/20 06:55 am Check Earnings Report
Company Research Source: Yahoo! Finance
Shortly after noon ET Friday, Newmont stock hit a weekly intraday high of 26%, according to data provided by S&P Global Market Intelligence . The S&P 500 (SNPINDEX: ^GSPC) , meanwhile, managed to log 6.1% gains, at its intraday best over the past five trading days, through 2 p.m. ET Friday Newmont stock is riding the wave of fresh enthusiasm in gold stocks amid the stock market turmoil, with one analyst even upgrading the stock's price target by 20%. Newmont is the world's largest gold producer, with its mines churning out 6.8 million attributable ounces of gold in 2024. The mining giant also produces silver, copper, zinc, and lead. As one may guess, Newmont's fortunes depend on commodity prices, and we are witnessing gold's golden days right now. Gold is on fire, with its price hitting a record high this morning and jumping over $3,220 per ounce. Analysts at UBS just predicted gold prices to hit $3,500 per ounce in 2026 as investors flock to the yellow metal amid the tariffs an Show less Read more
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