Gold mining stocks shine with several names tagging 52-week highs
Jun. 05, 2025 4:46 PM ET
By: Jason Capul, SA News Editor
Wall Street’s major indexes closed lower on Thursday, continuing a volatile stretch for equity markets. However, not all sectors moved in tandem with the broader decline. Notably, a number of gold mining stocks bucked the trend, posting gains and even reaching fresh 52-week highs.
Three gold-focused companies stood out for their performance: Gold Fields Limited (NYSE: GFI), New Gold Inc. (NYSE: NGD), and B2Gold Corp. (NYSE: BTG). All three stocks not only closed the session in positive territory but also achieved new 52-week intraday highs.
Gold Fields Limited (NYSE: GFI) gained 1.5% on the day, ending at $25.42 per share. The stock reached an intraday high of $26.36, marking its highest trading level in the past year.
New Gold Inc. (NYSE: NGD) posted the strongest performance among the group, rising 4.4% to close at $4.90. Shares briefly touched $4.94 during the session, establishing a new 52-week high.
B2Gold Corp. (NYSE: BTG) advanced 1.63%, finishing at $3.73 per share after hitting an intraday peak of $3.81, a fresh 52-week high for the Canadian gold miner.
The outperformance of gold mining equities comes even as gold prices ( XAUUSD:CUR) dipped on the day by 0.6%.
Year-to-date price action: GFI +92.5%, NGD +96.3%, and BTG +51.2%. |
