With a market cap of $68.4 billion, Newmont Corporation (NEM) is a prominent gold mining company that engages in the exploration and production of gold and other minerals like copper, silver, lead, and zinc. The Denver, Colorado-based company operates across the Americas, Australia, and Africa.
Shares of the gold mining giant have notably outpaced the broader market over the past 52 weeks. NEM has soared 31% over this time frame, while the broader S&P 500 Index ($SPX) has gained 16.6%. Moreover, shares of NEM are up 66.9% on a YTD basis, compared to SPX’s 7.8% rally.
