Newmont Goldcorp stock hits 52-week high at 67.72 USD

Newmont Goldcorp Corp (NEM) stock reached a significant milestone, hitting a 52-week high of 67.72 USD. With a market capitalization of $74 billion and an impressive year-to-date return of 82.5%, the company has demonstrated remarkable strength. InvestingPro analysis suggests the stock remains undervalued despite its recent gains. This marks a notable achievement for the company, reflecting a strong performance in the market. Over the past year, Newmont Goldcorp has experienced a remarkable 45.52% increase in its stock price, underscoring investor confidence and the company’s robust operational strategies. The surge to this 52-week high highlights the positive momentum Newmont Goldcorp has maintained, driven by favorable market conditions and strategic initiatives. The company boasts a perfect Piotroski Score of 9 and strong fundamentals, including 38.4% revenue growth and a healthy current ratio of 2.2. For deeper insights into NEM’s valuation and 15 additional ProTips, visit InvestingPro.

In other recent news, Newmont has reported robust financial results for the second quarter of 2025, exceeding market expectations. The company’s earnings per share reached $1.43, surpassing the forecasted $1.14, while revenues hit $5.32 billion, higher than the anticipated $4.84 billion. Additionally, Newmont has completed the sale of its entire stake in Orosur Mining (LON:OMIN) Inc., generating approximately C$5.6 million from the transaction. This divestment marks Newmont’s exit from its 9.4% ownership in Orosur. In another development, Newmont received a $100 million payment from Zijin Mining Group following Ghana’s ratification of the Akyem East Mining Lease renewal. This payment is part of Newmont’s agreement to divest its Akyem operation to Zijin, bringing the total after-tax cash proceeds from the Akyem sale to about $770 million. These recent developments highlight Newmont’s strategic financial maneuvers and operational milestones.

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