Newmont Stock Surges 18%, With A 6-Day Winning Spree
Newmont (NEM) stock hit day 6 of a continuous streak of days with gains, with cumulative gains over this period amounting to a 18% return. The company has gained about $16 Bil in value over the last 6 days, with its current market capitalization at about $102 Bil. The stock remains 153.6% above its value at the end of 2024. This compares with year-to-date returns of 16.5% for the S&P 500.
Newmont’s recent streak saw shares rally, fueled by gold’s ascent to near record highs amidst dovish Federal Reserve expectations and robust Q3 earnings, which doubled net income, showcasing the miner’s strong leverage to precious metal pricing.
What is the point? Momentum often precedes conviction. A multi-day win streak can signal growing investor confidence or spark follow-on buying. Tracking such trends can help you ride the strength, or prepare for a well-timed entry if momentum fades. Our take: There is not much to fear in NEM stock given its overall Very Strong operating performance and financial condition. This isn’t appropriately reflected in the stock’s Moderate valuation which is why we think it is Attractive (see Buy or Sell NEM). Nevertheless, asset allocation is a smarter path than stock picking. The asset allocation strategies of Trefis’ Boston-based, wealth management partner yielded positive returns during the 2008-09 period when the S&P lost more than 40%. And now, Trefis High Quality Portfolio is part of it.
For quick background, NEM engages in gold production and exploration, also exploring copper, silver, zinc, and lead, with substantial proven gold reserves and extensive land holdings.
Comparing NEM Stock Returns With The S&P 500
The following table summarizes the return for NEM stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | NEM | S&P 500 |
|---|---|---|
| 1D | 3.5% | 0.1% |
| 6D (Current Streak) | 18.0% | 1.2% |
| 1M (21D) | 2.8% | 3.1% |
| 3M (63D) | 36.4% | 5.9% |
| YTD 2025 | 153.6% | 16.5% |
| 2024 | -7.8% | 23.3% |
| 2023 | -8.8% | 24.2% |
| 2022 | -20.8% | -19.4% |
However, big gains can follow sharp reversals – but how has NEM behaved after prior drops? See NEM Dip Buyer Analysis to learn more.
Gains and Losses Streaks: S&P 500 Constituents
There are currently 113 S&P constituents with 3 days or more of consecutive gains and 13.0 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 30 | 13 |
| 4D | 47 | 0 |
| 5D | 17 | 0 |
| 6D | 11 | 0 |
| 7D or more | 8 | 0 |
| Total >=3 D | 113 | 13 |
Key Financials for Newmont (NEM)
Last 2 Fiscal Years:
| Metric | FY2023 | FY2024 |
|---|---|---|
| Revenues | $11.8 Bil | $18.7 Bil |
| Operating Income | $708.0 Mil | $5.9 Bil |
| Net Income | $-2.5 Bil | $3.3 Bil |
Last 2 Fiscal Quarters:
| Metric | 2025 FQ2 | 2025 FQ3 |
|---|---|---|
| Revenues | $5.3 Bil | $5.5 Bil |
| Operating Income | $2.4 Bil | $2.6 Bil |
| Net Income | $2.1 Bil | $1.8 Bil |
While NEM stock looks attractive given its winning streak, investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.