Newmont Falls as Gold Weakness Pressures Miner Shares

Newmont (NEM) is down 3.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a broad selloff in gold miners as bullion prices slid again, which tends to pressure earnings expectations for producers like Newmont. There does not appear to be a major new company-specific negative announcement today, so the move looks mainly tied to weaker gold and existing concerns about Newmont’s lower 2026 production outlook and higher costs versus 2025.

Details:

Gold prices were under pressure on June 24 as the U.S. dollar strengthened and markets weighed a more restrictive interest-rate backdrop, reducing near-term support for bullion.

Gold-mining shares moved lower as a group, suggesting Newmont’s decline was part of a sector-wide reaction rather than an isolated company event.

Newmont’s latest quarterly materials kept 2026 guidance intact, but they also pointed to lower expected gold production this year compared with 2025 and higher all-in sustaining costs, which can magnify sensitivity when gold prices fall.

Newmont announced executive leadership changes last week, but those appointments were framed as part of its next phase of delivery and do not appear to be the direct cause of today’s drop.

Sources:

Newmont, Trading Economics, Fidelity

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 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.

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

DAVID JAMES FRY (Group Head Projects & Studies) sold 18,394 shares for an estimated $2,050,037
PETER WEXLER (EVP, CLO & Interim CFO) sold 13,378 shares for an estimated $1,473,051
PETER TOTH (EVP, Chief Sustain & Dev Off) has made 0 purchases and 4 sales selling 12,000 shares for an estimated $1,309,560.
DAVID JOHN THORNTON (MD, Americas) has made 0 purchases and 2 sales selling 10,356 shares for an estimated $1,226,299.
MARK C RODGERS (MD, Africa-Asia Pacific) has made 0 purchases and 2 sales selling 5,804 shares for an estimated $741,971.
NATASCHA VILJOEN (President & CEO) sold 3,882 shares for an estimated $408,852

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 921 institutional investors add shares of $NEM stock to their portfolio, and 864 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

VAN ECK ASSOCIATES CORP added 6,218,529 shares (+20.9%) to their portfolio in Q1 2026, for an estimated $673,155,764
PACER ADVISORS, INC. removed 5,739,772 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $573,116,234
BLACKROCK, INC. removed 3,886,764 shares (-3.0%) from their portfolio in Q1 2026, for an estimated $420,742,203
JPMORGAN CHASE & CO removed 3,368,878 shares (-37.4%) from their portfolio in Q4 2025, for an estimated $336,382,468
GOLDMAN SACHS GROUP INC added 2,501,206 shares (+45.8%) to their portfolio in Q1 2026, for an estimated $270,755,549
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 2,476,112 shares (-28.3%) from their portfolio in Q1 2026, for an estimated $268,039,124
QUBE RESEARCH & TECHNOLOGIES LTD added 2,158,396 shares (+243.1%) to their portfolio in Q1 2026, for an estimated $233,646,367

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 7 analysts offer price targets for $NEM in the last 6 months, with a median target of $150.0.

Here are some recent targets:

Richard Garchitorena from Barclays set a target price of $133.0 on 05/22/2026
Jackie Przybylowski from BMO Capital set a target price of $145.0 on 04/24/2026
Anita Soni from CIBC set a target price of $176.0 on 04/21/2026
Daniel Major from UBS set a target price of $140.0 on 03/27/2026
Tanya Jakusconek from Scotiabank set a target price of $151.0 on 03/20/2026
Alexander Hacking from Citigroup set a target price of $150.0 on 03/03/2026
Bob Brackett from Bernstein set a target price of $157.0 on 02/27/2026

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.