Newmont Goldcorp stock hits all-time high at 87.99 USD

Newmont Goldcorp Corp has reached an all-time high, with its stock price peaking at 87.99 USD. The mining giant, now valued at $96 billion, has delivered remarkable returns with a 66% gain over the past year and an impressive 137% surge year-to-date. According to InvestingPro analysis, the stock is currently showing overbought signals. The surge in stock price reflects investor confidence and the company’s strong performance over the past year. This achievement marks a notable moment for Newmont Goldcorp, which boasts a perfect Piotroski Score of 9 and maintains a "GREAT" financial health rating. InvestingPro has identified 15 additional key insights about Newmont’s performance and future prospects, available to subscribers.

In other recent news, Newmont Corporation announced the completion of its first gold pour at the Ahafo North Project in Ghana, marking a significant milestone toward achieving commercial production by the fourth quarter of 2025. Additionally, Newmont has completed the sale of its stake in Orla Mining Ltd., garnering $439 million in gross proceeds from the transaction. The company sold 43 million shares at a price of $10.14 per share, representing 13.3% of Orla’s outstanding shares. In a notable leadership transition, Newmont’s current CEO, Tom Palmer, will step down at the end of 2025, with Natascha Viljoen set to succeed him as CEO and join the Board of Directors on January 1, 2026. This move will make Viljoen the first woman to lead the company in its long history. Meanwhile, the gold market has been active, with gold prices reaching a record high of $3,831.44, which has positively impacted mining stocks. The NYSE Arca Gold Miners Index also rose, correlating with the Federal Reserve’s recent interest rate cut. These developments highlight Newmont’s strategic moves and the broader market trends affecting the mining sector.

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