Newmont Stock Skyrockets as Gold Rally Hits Record Highs – Will the Boom Continue?
Newmont’s stock is benefiting from this perfect storm of factors. Technically, the chart is exceptionally strong – NEM cleared a golden crossover and trades well above key moving averages Nasdaq Investing. Fundamentally, the company is healthy: it beat latest earnings, has low net debt, and the free cash flow to maintain dividends and buy back stock Nasdaq Marketbeat. Analysts have…