This gold mining stock is a blue chip.
Newmont Corporation (NYSE: NEM) is the world’s largest gold mining company and the only gold producer included in the S&P 500 Index.
Wall Street analysts generally treat Newmont as a premier "blue-chip" exposure to precious metals.
Gold continues to trade near elevated historical levels, driven by ongoing geopolitical tensions, lower real interest rates, and structural central bank buying. Because Newmont is an unhedged gold producer, a rising gold price translates directly into expanding profit margins and record free cash flow generation.
Current Stock Price: Floating around $117.76 per share.
52-Week Range: The stock has traded between $67.20 (low) and $134.88 (high) over the past 52 weeks.
Recent Increase: The stock is up approximately 16.3% year-to-date, rebounding strongly from its 52-week lows due to surging underlying gold prices.
Wall Street still presents a bullish case on it.