Gold miner Newmont (ASX: NEM) rallies towards a new all-time high
The world’s largest gold producer, dual-listed, Newmont Corp (NEM) is trading only ~7% below its all-time high, posted earlier in the year despite the precious metal trading ~US$1,000/oz off its highs.
As we often say, “don’t fight the tape” and in the case of NEM this is true on two fronts:
- NEM continues to advance despite gold trading ~20% below its all-time high.
- The goliath miner continues to outperform many of its peers YTD, trading up +16% so far in 2026 on Tuesday afternoon.
MM remains bullish towards NEM targeting the $200 area, or more than 10% higher.
