Newmont Corporation (NEM) is a top gold and precious-metals mining company with a market cap of $98.4 billion. It has pulled back 8.6% from its 52-week high but has risen 18.8% in the past three months, outperforming the iShares U.S. Basic Materials ETF. The stock is up 140.5% YTD and 118.9% over the past year, trading above its moving averages. The surge in Newmont’s stock is due to a rally in gold prices, with investors expecting gold to reach $5,000 by 2026. In comparison, rival Barrick Gold Corporation (GOLD) has underperformed NEM. Analysts rate NEM as a “Strong Buy” with a mean price target of $103.92.

Read more at Barchart: Is NEM Outperforming the Basic Materials Sector?