Gold prices have fluctuated since the start of the year, and so has the stock price of gold miner Newmont (NEM 1.69%). That volatility gives investors opportunities, though.
This week was one where precious metals investors bought back in. Gold moved higher this week, and Newmont shares jumped by 11.7% since last Friday's close, according to data provided by S&P Global Market Intelligence.
Image source: The Motley Fool.
Flight to safety
Newmont's weekly move far outpaced that of the underlying metal. That's because the gold, silver, and copper miner has the potential to deliver strong gains moving forward. Geopolitical strife has led investors to seek safety in the U.S. dollar.
Gold contracts have plunged by more than 10% since the Iran war began. But Newmont's underlying business is strong. Investors will likely look to get back into gold and Newmont stock as geopolitical issues get resolved.
NYSE: NEM
Key Data Points
Newmont had a strong 2025, and that could help attract those investors. The company generated an all-time high in free cash flow. Almost half of that $7.3 billion was also returned to shareholders through dividends and buybacks.
The next look at how the underlying business is performing comes when first-quarter results are reported on April 23. Macroeconomic and geopolitical factors may swing stock prices, but investors should focus on the results. Price dips unrelated to the business are the times to add Newmont shares.
