Newmont’s stock has seen significant gains due to the expected rise in gold prices. According to UBS analysts, the current macroeconomic backdrop is bullish for gold, leading to predictions of higher prices over the next two years. This surge in gold prices will provide leverage for Newmont’s NEM+7.91% stock, making it a buy opportunity for investors.
Source: https://www.barrons.com/articles/newmont-stock-upgrade-gold-prices-0ff2e824