Why Newmont Corporation (NEM) Crashed On Friday
From Yahoo Finance: 2025-06-07 15:08:00
Newmont Corporation (NEM) experienced a 3.94% drop on Friday, closing at $52.36 as gold prices fell. The company reported a 1,012% increase in net income in Q1, totaling $1.89 billion, with revenues reaching $5.01 billion, a 24% increase from the previous year.
Despite the decline, NEM declared a $0.25 dividend and is a major player in gold mining, copper, zinc, lead, and silver production. Ranking 9th on the worst-performing stocks list, NEM shows potential as an investment, but AI stocks are seen as offering higher returns with less risk.