Shares of Newmont Corp. (NYS:NEM) rallied 5.50% to $63.86 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index (S&P:SPX) falling 1.90% to 4,418.64 and Dow Jones Industrial Average (DOW:DJIA) falling 1.43% to 34,738.06. The stock's rise snapped a two-day losing streak. Newmont Corp. closed $11.45 short of its 52-week high ($75.31), which the company reached on May 19th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Barrick Gold Corp. (NYS:GOLD) rose 7.15% to $20.68, Freeport-McMoRan Inc. (NYS:FCX) fell 2.53% to $42.80, and Agnico Eagle Mines Ltd. (NYS:AEM) rose 5.40% to $49.74. Trading volume (9.7 M) eclipsed its 50-day average volume of 7.3 M.