Newmont stock rallies 3.23% in strong market session
Updated
Updated · MarketWatch · Apr 30
Newmont stock rallies 3.23% in strong market session
10 articles · Updated · MarketWatch · Apr 30
Shares closed at $111.09 on Thursday as the S&P 500 rose 1.02% to 7,209.01 and the Dow gained 1.62% to 49,652.14.
The advance ended a three-day losing streak and outpaced Royal Gold, whose shares rose 1.02% to $233.38.
Newmont remains 17.64% below its 52-week high of $134.88 reached on 29 January, while trading volume of 8.2 million stayed below its 50-day average of 10.1 million.
While analysts urge investors to buy, why are Newmont's own executives selling off their shares?
Newmont reports record cash flow, but its gold production is declining. Is this a ticking time bomb?
With Ghana demanding local control, could resource nationalism undermine Newmont's global success?