In what might go down as one of the wildest weeks for investors in stocks in recent history, Newmont (NYSE: NEM) stock offered much respite, with solid and steady gains through the week. Shortly after noon ET Friday, Newmont stock hit a weekly intraday high of 26%, according to data provided by S&P Global Market Intelligence. The S&P 500 (SNPINDEX: ^GSPC), meanwhile, managed to log 6.1% gains, at its intraday best over the past five trading days, through 2 p.m. ET Friday

Newmont stock is riding the wave of fresh enthusiasm in gold stocks amid the stock market turmoil, with one analyst even upgrading the stock's price target by 20%.

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This analyst expects gold prices to rise further

Newmont is the world's largest gold producer, with its mines churning out 6.8 million attributable ounces of gold in 2024. The mining giant also produces silver, copper, zinc, and lead.

As one may guess, Newmont's fortunes depend on commodity prices, and we are witnessing gold's golden days right now. Gold is on fire, with its price hitting a record high this morning and jumping over $3,220 per ounce. Analysts at UBS just predicted gold prices to hit $3,500 per ounce in 2026 as investors flock to the yellow metal amid the tariffs and trade war that have triggered fears of a recession.

At the same time, analyst Daniel Major lifted Newmont stock's rating to buy from neutral and upped its price target to $60 per share from $50 a share. That would mean a 20% upside from the gold stock's closing price of April 10. Major believes Newmont stock could get a lift as the miner achieves its 2025 guidance amid low expectations.

Other gold stocks, however, could rise faster

Newmont stock has hugely underperformed the industry and gold prices in recent years as operational challenges and high costs hit the miner's profits and cash flows. 2024, however, was a strong year for Newmont. Having acquired Newcrest in 2023, Newmont's sales jumped 57% in 2024, and it turned a net profit of $3.4 billion versus a net loss of nearly $2.5 billion in 2023.

Newmont is also cutting debt, and expects to raise net cash proceeds of around $2.5 billion from the sale of some assets this year. A UBS analyst believes the miner could return much of this cash to shareholders in the form of share buybacks.

I'm not too sure here, though. While soaring gold prices should send Newmont's sales up in 2025, I'm still wary about its mining and production costs and expect them to remain high this year. That means other, even smaller, gold stocks, might be able to better exploit gold prices to their advantage and grow faster than Newmont.

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After hitting a 52-week low of $16.32 per share on April 4, Symbotic (NASDAQ: SYM) stock bounced back and hit a weekly intraday high of 16.1% through 10:30 a.m. ET Friday, according to data provided by S&P Global Market Intelligence.

Turns out, investors lapped up the opportunity to buy shares in the artificial intelligence (AI) automation company amid the stock market rout.

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Why Symbotic stock crashed in recent months

Symbotic develops fully autonomous mobile robots controlled by AI-enabled software to automate warehouses, distribution centers, and supply chains.

Earlier this year, Symbotic acquired Walmart's advanced systems and robotics business and struck a deal with the retail giant to develop and deploy automation systems for 400 accelerated pickup and delivery centers at Walmart stores over the next few years.

Walmart paid $230 million at the deal's closing and will pay another $290 million to Symbotic. Symbotic believes the deal could add $5 billion to its backlog in the long term and open up a new market with an addressable size of over $300 billion in the U.S. alone.

Symbotic stock surged after the Walmart deal but gave up its gains soon after as its operational performance left investors asking for more.

Is this a golden opportunity to buy Symbotic stock?

After growing its revenue by 47% year over year in the fourth quarter, Symbotic reported only 35% revenue growth for its fiscal 2025 first quarter, ended Dec. 31, 2024. Its net loss remained steady, too, at $19 million, and it guided for only around 30% revenue growth for Q2.

However, with Symbotic stock hitting a 52-week low and still down a whopping 55% in one year as of this writing, smart investors saw an opportunity to buy the stock this week.

Symbotic's long-term relationship with Walmart, which dates back to 2015, and a backlog of $22.4 billion as of Sept. 30, 2024, makes it an intriguing AI and robotics play for the long term. There could be bumps along the way though, especially amid the ongoing tariffs and trade war that could disrupt supply chains, increase costs, and slow down business. Symbotic sources raw materials from across the world, including China, Germany, Italy, Sweden, and Mexico.

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Neha Chamaria has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Symbotic and Walmart. The Motley Fool has a disclosure policy.