Newmont (NYSE:NEM) Barrick Gold (NYSE:GOLD) Hecla Mining (NYSE:HL) Kinross Gold (NYSE:KGC) Precious Metal Stocks to Buy as Inflation Accelerates: Newmont (NEM) Source: Piotr Swat/Shutterstock In the last six-months, Newmont stock has trended higher by 29% as gold surges. Overall, NEM stock looks attractive at a forward price-to-earnings-ratio of 25.4. Additionally, with the Russia-Ukraine conflict leading to uncertainties on global economic growth, policymakers might not go aggressive on rate hikes.