Shares of Newmont Corp. NEM, +0.46% inched 0.46% higher to $58.45 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.04% rising 1.04% to 3,939.34 and the Dow Jones Industrial Average DJIA, +0.58% rising 0.58% to 32,485.59. This was the stock’s third consecutive day of gains. Newmont Corp. closed $13.77 short of its 52-week high ($72.22), which the company achieved on August 5th.
The stock underperformed when compared to some of its competitors Thursday, as Barrick Gold Corp. GOLD, +0.94% rose 0.94% to $20.31, Freeport-McMoRan Inc. FCX, +8.73% rose 8.73% to $37.47, and Agnico Eagle Mines Ltd. AEM, +1.85% rose 1.85% to $58.97. Trading volume (6.4 M) remained 198,237 below its 50-day average volume of 6.6 M.