Denver, Colorado-based Newmont Corporation (NEM) is a mining company specializing in the exploration and production of gold, along with copper, silver, zinc, and lead. Focused primarily on gold, Newmont holds a market cap of $52.1 billion and operates across the Americas, Caribbean, Africa, and the Asia-Pacific regions.
Shares of the mining titan have trailed behind the broader market over the past year. Over the past 52 weeks, NEM stock has gained 17.3% compared to the S&P 500 Index’s ($SPX) 31.1% returns. In 2024, NEM is up 10.6%, compared to the SPX’s 19.8% gains on a YTD basis.
