Newmont Corporation (NEM) saw a 6.89% jump in stock value on Friday following a strong earnings report. Net income attributable to shareholders rose by 142% to $2.06 billion, while adjusted EBITDA increased by 52% to $2.997 billion. Gold production was slightly down by 8%, but the company declared a $0.25 cash dividend per share.
The average realized gold price for Newmont Corporation (NEM) increased by 41% to $3,320 from $2,347 year-on-year. The company also announced a $0.25 cash dividend per share for common shareholders, payable on September 29. Despite NEM’s potential, some believe AI stocks offer better returns, with less downside risk.
Read more at Yahoo Finance: Newmont (NEM) Jumps 6.89% on Better Income, Dividend News