These 10 Stocks Defied Thursday’s Slump

6. Newmont Corp. (NYSE:NEM)

Newmont Corp. grew its share prices by 4.63 percent on Thursday—a third day—to end at $45.65 apiece as the stock benefitted from the continued investor interest in mining companies.

NEM, a US-based miner of gold and other precious metals, traded higher in line with the rising gold prices on Thursday, which was nearing the $3,000 mark.

The rally shunned news of a new class action lawsuit against the company over claims of securities fraud.

According to the complaint, NEM published a press release in October last year announcing disappointing EBITDA third quarter 2024 highlights, in addition to decreases in production and increases in operating costs. Additionally, NEM revealed that mining operations at its two Tier 1 assets would see lower production than originally guided with expectations of higher costs at these facilities.

Following the news, NEM’s stock price fell from a closing market price of $57.74 per share on October 23, 2024, to $49.25 per share on October 24, 2024.