Copper prices hit a record high on Wednesday and have gained around 30% in 2024, fueling rallies for top copper mining stocks Newmont and Freeport-McMoRan. On Wednesday, copper futures gained for a fifth straight session, up more than 1% to $4.
Should investors be excited or worried when a stock's 50 -day simple moving average crosses above the 200-day simple moving average?
Recently, Zacks.com users have been paying close attention to Newmont (NEM). This makes it worthwhile to examine what the stock has in store.