Newmont Corp Stock Surges 5.42% in Second Consecutive Day of Gains, Trading Volume Ranks 86th

On June 2, 2025, Newmont Corp (NEM) saw a significant increase in its stock price, rising by 5.42% and marking its second consecutive day of gains, with a total increase of 5.83% over the past two days. The trading volume for the day was 8.28 billion, ranking 86th in the overall market.

Newmont Corp's stock price reached an intraday high of $55.89 before closing at $55.77, up from its previous close of $52.72. This places NEM 5.02% below its 52-week high of $58.72 and 51.30% above its 52-week low of $36.86. The trading volume was 8,387,833 shares, which is 58.5% of the average daily volume of 14,344,125.

Analysts have set an average target price of $64.74 for Newmont Corp, with estimates ranging from $52.00 to $89.45. This average target price suggests a potential upside of 16.08% from the current price of $55.77. The consensus recommendation from 20 brokerage firms indicates an "Outperform" status for Newmont Corp, with a rating scale ranging from 1 to 5, where 1 signifies a Strong Buy and 5 denotes a Sell.

GuruFocus estimates the GF Value for Newmont Corp in one year to be $49.35, suggesting a downside of 11.51% from the current price of $55.77. The GF Value is an estimate of the fair value at which the stock should be traded, calculated based on historical multiples, past business growth, and future estimates of the business' performance.