Newmont Ranks 185th in Trading Volume but Year-to-Date Surge of 86% Outpaces Basic Materials Sector as Analysts Raise Earnings Estimates 27%

On August 18, 2025, Newmont Corporation (NEM) declined 0.48% with a trading volume of $490 million, ranking 185th in market activity. The stock, however, has surged 86.3% year-to-date, outpacing the Basic Materials sector’s average 14.6% gain and the Mining - Gold industry’s 72.5% rise. This performance underscores strong investor confidence amid improved earnings estimates, with analysts raising full-year projections by 27.7% in the past quarter. Newmont’s Zacks Rank of #1 (Strong Buy) reflects its favorable earnings outlook and positive sentiment.

The stock’s resilience is further highlighted by its position as a top performer in the Basic Materials sector. While peers like Pan American Silver (PAAS) have also outperformed, Newmont’s market capitalization of $78.5 billion and 5.66% weight in the sector index emphasize its significance. The company’s focus on gold and other metals positions it to benefit from ongoing demand trends, though near-term volatility remains a factor given its 0.30% beta relative to the S&P 500.

A backtest of a strategy buying the top 500 stocks by daily volume and holding for one day from 2022 to 2025 showed a 1-day return of 0.98% and a total return of 31.52% over 365 days. This suggests short-term momentum-driven strategies may capture some gains but remain exposed to market fluctuations and timing risks.