Newmont Outperforms Mining Sector with 10.21% Weekly Rally Despite 266th Volume Rank

On August 12, 2025, Newmont Corporation (NEM) closed with a 0.09% gain, trading at $68.95 per share. Daily trading volume fell by 25.64% to $0.40 billion, ranking 266th in market activity. The stock’s performance aligns with broader momentum trends, as highlighted by Zacks Investment Research, which notes a 10.21% weekly price increase and a 41.16% annual gain, outpacing the S&P 500’s 20.74% return. Analysts attribute this to positive earnings estimate revisions and above-average trading volume.

The Zacks Momentum Style Score of "A" underscores NEM’s strong relative performance against its gold mining peers. Over the past week, Newmont’s shares rose 10.21% compared to a 7.4% industry gain, while quarterly and annual returns of 35.22% and 41.16% reflect sustained investor confidence. Earnings estimates have improved, with consensus forecasts rising from $4.34 to $5.27 over 60 days, driven by upward revisions in both short-term and long-term projections. These metrics support a Zacks Rank of #1 (Strong Buy).

Institutional activity and options trading also highlight NEM’s recent traction. Increased buying pressure from investors and a 20-day average volume of 12.8 million shares suggest robust demand. While regulatory approvals for its Newcrest acquisition in Australia and Japan were reported earlier in the month, these developments have yet to translate into immediate market volatility. Analysts remain cautiously optimistic, citing Newmont’s ability to outperform benchmarks amid mixed broader market conditions.

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