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Newmont Surges to 65th in Trading Volume as Gold Prices Soar Amid Geopolitical Tensions
Generated by AI AgentAinvest Volume Radar
Friday, Jun 13, 2025 8:00 pm ET1min read
On June 13, 2025,
(NEM) saw a significant increase in trading volume, reaching $1.114 billion, a 55.48% rise from the previous day. This surge placed Newmont at the 65th position in terms of trading volume for the day. The stock price of Newmont rose by 3.54%, marking the third consecutive day of gains, with a total increase of 10.16% over the past three days.Newmont's stock price surged due to a notable increase in gold prices, driven by heightened geopolitical tensions. The escalating tensions, particularly following Israel's military strikes on Iranian sites, have sparked fears of a broader Middle East conflict, leading to a surge in safe-haven demand for gold.
Analysts have projected a 14.64% upside for Newmont, with a target price of $65.55. This projection is based on a consensus of 18 analysts, with estimates ranging from $56.00 to $89.45. The average brokerage recommendation for Newmont stands at an "Outperform" rating, indicating a favorable outlook for the stock.
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