Following last week's interest rate cut, and warnings of two more to come, front-month gold futures are trading at record highs. With even more inflation data on the horizon, Newmont Corporation (NYSE:NEM), Pan American Silver Corp (NYSE:PAAS), and Freeport-McMoRan Inc (NYSE:FCX), are three mining stocks to keep an eye on.
Shares of NEM were last seen up 1.7% to trade at $83.08, earlier hitting a more than three-year peak of $83.80. The equity is fresh off a seventh consecutive weekly win streak and has added 123% in 2025.
PAAS is seeing the most movement today, up 2.3% to trade at $37.30, at last check. Earlier, the stock touched $38.16, its highest level in more than four years. With added support at the ascending 50-day moving average, the equity is now up 85% since January.
FCX is enjoying today's boost, last seen up 0.2% to trade at $45.04. The shares remain below the overhead $46 ceiling, but with today's lift maintain a grip on the stock's year-over-year breakeven mark. Over the past nine months, however, the shares have eked out a 14% gain.
Options for all three stocks look like an affordable way to go. This is per NEM, PAAS, and FCX's Schaeffer's Volatility Index (SVI) readings of of 35%, 41%, and 36%, which each rank in the 16th or lower annual percentile, respectively.
