Newmont shares fall as gold prices weaken and rate worries pressure miners

Newmont Corporation (NEM) is down 4.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a drop in gold prices, which tends to weigh directly on large gold miners such as Newmont. With bullion pressured by a stronger U.S. dollar and renewed concerns that interest rates could stay higher for longer, investors appear to be marking down the group even though no major new company-specific setback was easy to identify today.

Details:

Spot gold fell on September 23 as the dollar strengthened and hawkish Federal Reserve commentary pushed up expectations for tighter monetary policy.

Newmont’s earnings and cash flow are closely tied to bullion prices, so weakness in the gold market often translates into outsized moves in the stock.

Newmont’s latest quarterly update in July said the company remained on track to achieve full-year guidance and declared a quarterly dividend, which suggests today’s decline was more macro-driven than tied to a newly disclosed operational issue.

No prominent fresh filing or company announcement surfaced as an obvious negative catalyst today, so part of the move could also reflect short-term profit-taking across gold equities.

Sources:

Newmont, Kitco, Benzinga

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:

PETER TOTH (EVP, Chief Sustain & Dev Off) has made 0 purchases and 6 sales selling 18,000 shares for an estimated $1,912,050.
NATASCHA VILJOEN (President & CEO) has made 0 purchases and 3 sales selling 15,528 shares for an estimated $1,693,794.
PETER WEXLER (EVP, CLO & Interim CFO) sold 13,378 shares for an estimated $1,473,051
BRIAN TABOLT (Chief Financial Officer) sold 11,445 shares for an estimated $1,202,755
DAVID JOHN THORNTON (MD, Americas) sold 2,296 shares for an estimated $252,812

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 839 institutional investors add shares of $NEM stock to their portfolio, and 1,015 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 8,403,248 shares (+inf%) to their portfolio in Q2 2026, for an estimated $784,863,363
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
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 Congressional Stock Trading

Members of Congress have traded $NEM stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

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

SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades 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 $135.0.

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
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

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.