Newmont stands strong with gold price support, copper exposure, and solid margins, but weak shareholder returns limit upside. Find out why NEM stock is a hold.

Newmont Corp. has made progress getting its costs under control, helping the world’s top gold miner beat expectations on earnings at a time when a rally for the precious metal is underpinning the industry.

The mining company reported higher profit as concerns about market volatility have driven the price of gold to record highs in recent months.