Newmont Corp. stock rises Thursday, outperforms market

Newmont Corp. stock rises Thursday, outperforms market

Shares of Newmont Corp. NEM, +0.56% inched 0.56% higher to $84.77 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -1.21% falling 1.21% to 4,392.59 and Dow Jones Industrial Average DJIA, -0.33% falling 0.33% to 34,451.23. This was the stock’s third consecutive day of gains. Newmont Corp. hit a new 52-week high, surpassing its previous peak of $84.32, which the company achieved on April 13th.

The stock outperformed some of its competitors Thursday, as Barrick Gold Corp. GOLD, -1.49% fell 1.49% to $25.20, Freeport-McMoRan Inc. FCX, -0.49% fell 0.49% to $49.19, and Agnico Eagle Mines Ltd. AEM, +0.18% rose 0.18% to $65.80. Trading volume (5.7 M) remained 2.9 million below its 50-day average volume of 8.6 M.

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