Shares of Newmont Corp. (NYS:NEM) slumped 0.65% to $63.15 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index (S&P:SPX) rising 1.45% to 4,587.18 and the Dow Jones Industrial Average (DOW:DJIA) rising 0.86% to 35,768.06. The stock's fall snapped a two-day winning streak. Newmont Corp. closed $12.16 short of its 52-week high ($75.31), which the company achieved on May 19th.
The stock underperformed when compared to some of its competitors Wednesday, as Barrick Gold Corp. (NYS:GOLD) fell 0.45% to $19.73, Freeport-McMoRan Inc. (NYS:FCX) rose 7.21% to $43.56, and Agnico Eagle Mines Ltd. (NYS:AEM) rose 0.71% to $49.47. Trading volume (4.9 M) remained 2.4 million below its 50-day average volume of 7.3 M.