Why did Newmont (NEM) get up last week?
Recently I published the list Last week, 10 companies record double-digit profits against market slump. In this article, we’ll see where Newmont Corp. (NYSE: NEM) will reject the market recession last week and face other companies that have recorded double-digit profits.
The stock market may have been assaulted for most of the week, but was able to recover the loss on Friday as investors increased their shares while assessing the impact of the US-China trade war.
Of all the key metrics, the high-tech NASDAQ recorded its highest profit, up 7.29%, followed by the S&P 500 at 5.7%, while the Dow Jones at 4.95%.
Ten companies, mainly in the gold and biopharmaceutical sector, were top performers of the week as investors sought havens from stocks amid market uncertainty.
This article has identified the 10 best winners of last week and detailed the reasons behind their profits.
To create the list, we only looked at stocks with a market capitalization of $2 billion and a trading volume of $5 million.
Weekly prices were based on the company’s closing prices on April 4 or Friday, one week ago.
The entrance to a gold mine with a conveyor belt that transports minerals from the depth of the shaft.
Newmont Corp.’s shares closed Friday at $44.18 on Friday against $44.18 on April 4, with investor funds flocking to gold miners amid a surge in gold prices.
During past trading weeks, gold prices skyrocketed to record highs twice as investors turned to gold for safe shelters amidst the economic uncertainty brought about by ongoing trade tensions between the US and China.
Nem watched the rally for five consecutive days last week. Sentiment has helped investment bank stock upgrades to buy from neutral before, but gave them a previous $60 vs. $50 price target. The new price target represents a 9% advantage from Nem’s closing price on Friday.
Nem is a US-based gold miner who owns a variety of mining sites throughout the United States, Canada, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname.
Overall, no 10th place It was on the list of companies that recorded market slump and double-digit profits last week. While we acknowledge the potential of NEM as an investment, our belief lies in the belief that AI stocks provide higher returns and hold a greater commitment to doing so within a shorter time frame. There have been AI stocks that have risen since the beginning of 2025, and the popular AI stocks have lost around 25%. If you’re looking for AI stocks that are as promising as NEM, but traded at less than five times the revenue, check out our report on this Cheapest AI stocks.