Newmont Falls as Gold Slump Appears to Pressure Gold Miners

Newmont Corporation (NEM) is down 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be weakness in the gold market rather than a fresh company-specific setback. Gold prices fell sharply on November 12, 2026 as the dollar strengthened and expectations for higher interest rates increased, which tends to weigh on bullion and on miners such as Newmont. There also does not appear to be a new negative filing or press release from the company today, so the move could reflect sector selling and profit-taking.

Details:

Gold dropped to a more-than-one-year low during Thursday trading, with spot prices down about 3%, creating direct pressure on sentiment around gold producers.

Newmont's latest major company update, released on October 22, showed record third-quarter adjusted net income, strong free cash flow, continued buybacks, and management saying it remains on track to meet full-year production guidance.

The company declared a quarterly dividend of $0.26 per share in that update and disclosed that $2.8 billion remained under its authorized repurchase program, which does not point to an obvious new internal problem.

Recent SEC materials visible in public filings center on the October 22 earnings-related 8-K, with no newly surfaced same-day filing indicating an operational or financial shock behind today's decline.

Sources:

Newmont, SEC, MarketScreener

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$NEM Insider Trading Activity

$NEM insiders have traded $NEM stock on the open market 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 have been sales.

Here’s a breakdown of recent trading of $NEM stock by insiders over the last 6 months:

NATASCHA VILJOEN (President & CEO) has made 0 purchases and 5 sales selling 23,292 shares for an estimated $2,558,897.
PETER TOTH (EVP, Chief Sustain & Dev Off) has made 0 purchases and 6 sales selling 18,000 shares for an estimated $1,911,000.
BRIAN TABOLT (Chief Financial Officer) sold 11,445 shares for an estimated $1,202,755

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$NEM Hedge Fund Activity

We have seen 915 institutional investors add shares of $NEM stock to their portfolio, and 920 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 6,576,743 shares (+inf%) to their portfolio in Q2 2026, for an estimated $614,267,796
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 5,846,225 shares (-93.3%) from their portfolio in Q2 2026, for an estimated $546,037,415
BLACKROCK, INC. removed 5,207,318 shares (-4.1%) from their portfolio in Q2 2026, for an estimated $486,363,501
BOSTON PARTNERS removed 4,666,137 shares (-98.7%) from their portfolio in Q3 2026, for an estimated $538,192,241
PACER ADVISORS, INC. added 4,043,139 shares (+inf%) to their portfolio in Q2 2026, for an estimated $377,629,182
VAN ECK ASSOCIATES CORP removed 3,883,894 shares (-10.8%) from their portfolio in Q2 2026, for an estimated $362,755,699
INVESCO LTD. added 2,872,870 shares (+19.7%) to their portfolio in Q2 2026, for an estimated $268,326,058

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$NEM Price Targets

Multiple analysts have issued price targets for $NEM recently. We have seen 5 analysts offer price targets for $NEM in the last 6 months, with a median target of $133.0.

Here are some recent targets:

Michael Jalonen from B of A Securities set a target price of $132.0 on 07/09/2026
Josh Wolfson from RBC Capital set a target price of $135.0 on 07/09/2026
Fahad Tariq from Jefferies set a target price of $146.0 on 07/06/2026
Daniel Major from UBS set a target price of $120.0 on 06/30/2026
Richard Garchitorena from Barclays set a target price of $133.0 on 05/22/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.