Why Shares of Newmont Corporation Have Risen 42% in the First Half of 2020
Rising more than 25% in 2019, shares of Newmont Corporation (NYSE: NEM) glittered brightly last year. And the market's penchant for picking up shares of this leading gold mining company has grown even greater in 2020. Through the first six months of the year, Newmont's stock has risen 42%, according to data from S&P Global Market Intelligence, outperforming the S&P 500 which has dipped 4% during the same period.
While the market's growing appetite for gold was one cause in the stock's rise, it wasn't the sole factor. Favorable coverage from Wall Street, management's commitment to shareholders, and a strong first quarter earnings report all represented additional factors.
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Source Fool.com
