Why Newmont Stock Surged on Wednesday
Shares of Newmont Mining (NYSE: NEM) surged this morning, rallying 6% through Wednesday noon. With today's solid gains, the gold stock is now up over 13% in five trading days, heading back to $115 per share after dropping below $100 a share just days ago.
Newmont is one of the best gold stocks out there, and its appeal goes far beyond the company's status as the world's largest gold miner. With the company announcing the date for its first-quarter earnings release this morning, investors are jumping on the chance to buy the dip in Newmont.
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Source Fool.com
