NYSE:NEMMetals and Mining
Newmont Slides On Iran Conflict While Longer Term Returns Remain Strong
Newmont (NYSE:NEM) and other mining stocks are under pressure as geopolitical tensions tied to the Iran war escalate.
The stock is reported to be down 22% since the conflict began, with selling intensifying as peace talks stall.
Investors are reassessing exposure to gold and mining names as sector moves are increasingly driven by external political risk.
Newmont, trading at $99.36, has been hit hard by these headlines despite being a large, established name in the gold mining space. The...