Denver, Colorado-based Newmont Corporation (NEM) is a gold mining company that is primarily engaged in the production of gold, with additional exposure to copper, silver, zinc, and lead as by-products. It is valued at a market cap of $144 billion.
This gold miner has significantly outpaced the broader market over the past 52 weeks. Shares of NEM have skyrocketed 219.1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 15%. Moreover, on a YTD basis, the stock is up 32.2%, compared to SPX’s 1.9% return.
