Denver, Colorado-based Newmont Corporation (NEM) is a mining company. It produces and explores gold, copper, silver, zinc, and lead with a primary focus on gold. With a market cap of $54.2 billion, Newmont’s operations span the Americas, Caribbean, Africa, and the Asia Pacific.
Shares of Newmont have slightly underperformed the broader market over the past year. Over the past 52 weeks, NEM stock has gained 16.5% compared to the S&P 500 Index’s ($SPX) 17% returns. However, in 2024, NEM is up 15%, outpacing the SPX’s 9.9% gains on a YTD basis.
