Why Newmont Shares Are Skyrocketing This Week - Gold Miner’s Stunning Rally

Newmont shares explode upward as traditional mining plays catch crypto's volatility fever.

The Gold Rush Returns

Mining stocks suddenly look like the new meme coins - just with better fundamentals and actual assets. Newmont's surge proves even boomer investments can pump when the conditions align.

Safe Haven Frenzy

While crypto traders chase the next shiny token, smart money flows toward tangible value. Gold's timeless appeal meets modern market mechanics, creating the perfect storm for traditional mining giants.

Institutional Validation

Major funds pile into precious metals, treating gold miners like blue-chip DeFi protocols. The ultimate irony? Wall Street's embrace of ancient stores of value while simultaneously chasing digital frontiers.

Maybe traditional assets aren't so boring after all - they just needed a volatility injection from their crypto cousins. Gold's glow-up proves everything old can be new again in finance's endless cycle of reinvention.

Image source: Getty Images.

Gold has never shone as brightly in investors' eyes as it has this week

Soaring to a record high, the price of gold topped $4,310 (as of this writing). Between the escalating trade war that the U.S. seems to be entering with China, a government shutdown, and concerns that the market is headed for a correction, investors have been seeking defensive investments such as gold.

With the strong correlation between the movements in the price of the yellow metal and those of gold stocks, it's little wonder that shares of Newmont, a global leader in gold production, are rising so much.

In 2024, Newmont reported gold production of 6.8 million ounces, and it projects 2025 gold production of 5.9 million ounces.

Is it too late to add some glitter to your portfolio with Newmont stock?

Valued at 12.2 times operating cash flow, shares of Newmont are priced at a premium to their historical valuation of 9.3 times cash from operations. Despite this slightly higher price tag, gold bugs looking to fortify their portfolios with a leading GOLD stock would be wise to click the buy button on Newmont stock right now. Those looking to mitigate the risk of investing in a single stock, however, have plenty of opportunities for gold exposure with a gold-focused exchange-traded fund.