Why Newmont Corporation (NEM) crashed on Friday

Recently I published the list Ten shares took a shocking roe. In this article, we’ll see where Newmont Corporation (NYSE: NEM) plays against other Friday’s worst-performing stocks.

Newmont extended his losing streak for the fourth consecutive day on Friday, losing 3.94% as investors close at $52.36 as an unloaded position following a fall in gold price.

On the same day, Gold fell 1.26% to $3,310.42 per troy ounce, down 1.26% to $3,310.42 amid profits from previous day’s profits.

In the first quarter of the year, Newmont Corporation (NYSE:NEM) rose 1,012% in its shareholder-related net income in the first quarter of the year, up by $1.89 billion from $170 million in the same period last year.

The entrance to a gold mine with a conveyor belt that transports minerals from the depth of the shaft.

Revenue reached $5.010 billion, up 24% from $4.02 billion in the same period last year.

In an impressive performance, Newmont Corporation (NYSE: NEM) has declared a cash dividend of $0.25 to common shareholders as of May 27, which is paid on June 20th.

Newmont Corporation (NYSE: NEM) is a leading gold mining company that also produces copper, zinc, lead and silver.

Overall, no 9th place A list of the worst stocks on Friday. While we acknowledge the potential of NEM as an investment, our conviction lies in the belief that some AI stocks hold a greater promise to offer higher returns and limited downside risk. If you’re looking for a very inexpensive AI stock that is also a major beneficiary of Trump’s tariffs and supervision, check out our free report. The best short-term AI stock.

Read next: Best AI stocks to buy now and According to the billionaire, 30 best stocks to buy now.

Disclosure: None. This article was originally published Insider Monkey.