Newmont Corp. (NEM) surged 7.91% as investors sought gold mining stocks due to higher spot prices

From Yahoo Finance: 2025-04-12 02:12:00

The stock market ended the week positively despite escalating trade tensions between the US and China. Major indices, including the Nasdaq, S&P 500, and Dow Jones, all finished in the green. Ten companies, mostly in mining and biopharmaceuticals, saw gains on Friday due to industry catalysts. Newmont Corp. (NEM) surged 7.91% to $54.97 per share as investors sought gold mining stocks with higher spot prices. Gold hit a new all-time high of $3,233.96 per ounce. NEM’s rally continued for the fifth consecutive day, boosted by an upgrade from UBS to Buy with a price target of $60.



Read more at Yahoo Finance: Why Newmont Corp. (NEM) Surged On Friday?