Newmont Corp. stock rises Tuesday, outperforms market

Newmont Corp. stock rises Tuesday, outperforms market

Shares of Newmont Corp. NEM, +0.10% inched 0.10% higher to $41.71 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -0.41% falling 0.41% to 3,908.19 and Dow Jones Industrial Average DJIA, -0.55% falling 0.55% to 31,145.30. This was the stock’s second consecutive day of gains. Newmont Corp. closed $44.66 short of its 52-week high ($86.37), which the company reached on April 18th.

The stock outperformed some of its competitors Tuesday, as Barrick Gold Corp. GOLD, -0.47% fell 0.47% to $14.83, Freeport-McMoRan Inc. FCX, -0.64% fell 0.64% to $28.12, and Agnico Eagle Mines Ltd. AEM, -1.30% fell 1.30% to $41.02. Trading volume (12.0 M) eclipsed its 50-day average volume of 9.5 M.

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