
Is Newmont Stock Still a Buy After a 26% Rally in 3 Months?
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Related Stocks:NEM
Newmont Corporation’s (NEM) stock has climbed roughly **26% over the past three months**, driven by strong gold prices and renewed investor interest in precious metals stocks. The rally comes as gold has acted as a safe‑haven asset amid market uncertainty and elevated earnings expectations for the gold mining sector.
Analysts note that robust gold prices — which have set new highs recently — are a key factor supporting Newmont’s performance, bolstering both top‑line revenue and cash flow potential for the company. Higher realized gold prices typically enhance profitability for major producers like Newmont.
Despite the strong stock performance, investors should consider fundamentals including production trends, earnings outlook and valuation. While some data show rising earnings estimates, broader market and industry comparisons will influence whether Newmont remains an attractive buy at current levels.
In addition, Newmont’s long‑term investment appeal is tied to its financial health, project pipeline, and dividend outlook, which together shape its risk‑reward profile for long‑term shareholders.
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