There could be more room for the mining stocks to rally since their profits are leveraged to gold prices.Shares of gold miners were broadly higher Monday, boosted by the continued run up in gold prices to record highs. Short interest in gold mining stocks and gold ETFs was mixed in the reporting period that ended August 31. The South America segment consists primarily of Yanacocha in Peru and Merian in Suriname.
The VanEck Vectors Gold Miners ETF jumped 4.5% in midday trading, putting it on track for the highest close since January 2013, as all 55 components gained ground. 17 analysts have issued 12 month price targets for Newmont Goldcorp's stock. Baker Hughes data show U.S. total weekly active drilling-rig count down 2 at 254 NEM Stock Analysis Overview . (RTTNews) - Below are the earnings highlights for Newmont Mining Corp. (NEM): -Earnings: $344 million in Q2 vs. -$25 million in the same period last year. Gold futures rose 1.9% to $1,934.10 an ounce, as investors flocked to the save-haven metal amid fears over how the COVID-19 pandemic will hurt the global economy and a weak U.S. dollar. Newmont Corporation is followed by the analysts listed above. Investors often turn to gold as a haven asset.Citigroup raised its price targets on both mining companies’ stocks.Gold, the commodity, looks set for a multiyear closing high on Monday. Dow up 99 points, 0.4%, trading near 27,636 KirklandLake & Newmont Goldcorp, the world’s number one bullion miner in terms of output, is moving forward with its Century project, which aims to extend the life its century-old Dome mine in Ontario ... It’s a reminder how difficult the technology behind autonomous driving is.The metal is benefiting from strength in gold, weakness in the dollar, and ultralow interest rates.Fueling this run is momentum from 2019, low interest rates, and global economic uncertainty stemming from the Covid-19 pandemic. Short interest nearly doubled in one gold miner.Ontario Gold Mines: 2019 Actual And 2020 Forecast ProductionQuebec Gold Mines: 2019 Actual And 2020 Forecast Production And ProspectsMario Gabelli's Gabelli Asset Fund 2nd-Quarter Shareholder CommentaryNewmont Recommends Stockholders Reject “Mini-Tender” Offer by TRC CapitalIs This the Hottest Gold Exploration Spot in the World Right Now?Mining Brief: Fluorspar Industrial Mineral Predicted to Realize Significant Growth as Uses RiseMining Brief: Fluorspar Industrial Mineral Predicted to Realize Significant Growth as Uses RiseNewmont Achieves Gender Parity for Non-Executive DirectorsGlobal Gold Potassium Cyanide Market Segments And 2029 Forecasts Research Along Key Manufacturers : Sreenivasa Industries, Prominex Precious Mineral Resources, Bangalore Refinery Private LimitedGlobal High-Arsenic Copper Sulfide Concentrate Market shows Promising Growth Rates with CAGR of 3.5%, Future Analysis and its TrendsJunior Gold Miners Continue to Make Exciting High-Grade Discoveries in Red Lake, One of Canada's Hottest Gold RegionsJunior Gold Miners Continue to Make Exciting High-Grade Discoveries in Red Lake, One of Canada's Hottest Gold RegionsGlobal Mining Renewable Energy Systems Market Value Projected To Surge Remarkably At Double Digit CAGR During 2020-2026 - Zion Market Research In the medium term (3months), NEM's stock price should underperform the market by -1.98%. In the short term (2weeks), NEM's stock price should underperform the market by -0.61%.During that period the price should oscillate between -5.29% and +3.38%.. 65.77 0.42 0.64%. In the short term (2weeks), NEM's stock price should underperform the market by -0.84%.During that period the price should oscillate between -5.79% and +4.47%.. See Newmont Corporation (NEM) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. NEM stock forecast Our latest prediction for Newmont Corp.'s stock price was made on the Aug. 3, 2020 when the stock price was at 68.15$.. View analysts' price targets for Newmont Goldcorp. AC Investment Inc. delivers machine learning based share price forecast. Why An Analyst Thinks Its Run May Be Over. Newmont Corp. is a gold producer, which engages in the production of gold. In the medium term (3months), NEM's stock price should underperform the market by -1.96%. ET on Market Insight Reports Newmont … On its last earning announcement, the company reported a profit of 5.16$ per share. The precious metal rose to a closing record of $1,897.50 a troy ounce, eclipsing the price set in August 2011 as investors added bullion to their portfolios amid fears about the coronavirus pandemic. Newmont Mining Corp. (NMC) Stock , NEM. Chewy Was a Popular Pandemic Play.