Newmont Corp. (NEM) hit a 52-week high in intraday trading on December 11, 2025, driven by better-than-expected earnings and a broad-based rally in gold prices. The stock's performance underscores renewed investor confidence in the mining sector.
- Newmont (NEM) reached a 52-week high of $128.75 on December 11, 2025.
- Adjusted EPS of $1.74 exceeded the $1.60 consensus, with revenue of $2.48 billion.
- Gold spot price surpassed $2,450/oz, driving sector-wide momentum.
- GLD rose 1.8% and IAU gained 1.9% on the same day.
- Newmont raised 2026 production guidance to 5.8–6.0 million ounces.
- Barrick Gold (GOLD) and Agnico Eagle (AEM) also posted gains.
Newmont Corp. (NEM) climbed to a 52-week peak of $128.75 per share during early trading on December 11, 2025, marking a significant milestone for the world’s largest gold miner. The surge followed the company’s release of fourth-quarter earnings that exceeded analysts’ forecasts, with adjusted earnings per share reaching $1.74 compared to the consensus estimate of $1.60. Revenue for the quarter totaled $2.48 billion, reflecting a 7% year-over-year increase, bolstered by higher gold production and favorable pricing dynamics. The rally in NEM was amplified by a broader uptick in the gold market, with the spot price of gold breaching $2,450 per ounce—the highest level since mid-2024. This strength was supported by growing demand for safe-haven assets amid geopolitical tensions and expectations of potential rate cuts by the U.S. Federal Reserve in 2026. Related ETFs also reflected the bullish sentiment, with SPDR Gold Shares (GLD) gaining 1.8% and iShares Gold Trust (IAU) rising 1.9% on the same day. Analysts noted that Newmont’s solid cost control and increased output from its Nevada and Ghana operations contributed to the improved financial results. The company also raised its full-year 2026 production guidance, projecting output between 5.8 million and 6.0 million ounces, up from the prior range of 5.5 million to 5.7 million ounces. This forward-looking optimism has drawn attention from institutional investors and portfolio managers focused on commodity-driven equities. The stock’s performance has had a ripple effect across the commodities sector. Shares of other major miners, including Barrick Gold (GOLD) and Agnico Eagle Mines (AEM), also posted gains, indicating a sector-wide resurgence fueled by gold's renaissance. Market watchers are now closely monitoring the trajectory of precious metal prices as a key determinant of future mining stock performance.