Emma Asma Cornwall
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Emma Asma Cornwall in Gainers & Losers,

Newmont Mining is rallying like crazy

The stock of Newmont Mining Corp hit a new 52-week high and is heading higher on today's trading. 

Newmont Mining Corp. is engaged in the production of gold, the exploration for gold and the acquisition and development of gold properties worldwide. The company produces gold from mines in Nevada and California, and, outside of the United States, from operations in Peru, Indonesia, Mexico and Uzbekistan.

An Indonesian consortium led by veteran investment banker Agus Projosasmito is in talks to raise $1 billion of debt to back its bid for control of Newmont Mining Corp.’s copper operations in the country, as it turned out, and it is another reason for the stock to rally.

I personally think that it's a bit late to be bullish. I'd consider this stock after some correction from current highs