Newmont slides as gold prices cool and investors refocus on upcoming Q1 results and 2026 cost outlook

Newmont Corporation (NEM) is down 3.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears tied to a softer gold tape and a pullback across gold-linked equities, with investors also revisiting Newmont’s 2026 outlook for lower volumes and higher all-in sustaining costs. With the company’s next quarterly results approaching, the move also looks consistent with short-term positioning and profit-taking after recent strength in the group.

Details:

Gold prices were modestly lower in the latest session, which can pressure gold miners’ earnings expectations and near-term sentiment.

The company has scheduled its first-quarter 2026 results release and conference call for April 23, 2026, putting focus on upcoming production, cost, and capital-allocation updates.

In its most recent annual results and 2026 guidance update, Newmont discussed a 2026 setup that includes lower production and higher expected all-in sustaining costs versus prior periods, a combination that can weigh on valuation when the gold price cools.

This could also be a sector-wide rotation day, where investors reduce exposure to higher-beta miners when the underlying metal pauses or reverses.

Sources:

Newmont (Investor Relations), Trading Economics, Investing.com

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 9 times in the past 6 months. Of those trades, 0 have been purchases and 9 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
DAVID JOHN THORNTON (MD, Americas) sold 8,060 shares for an estimated $973,486
MARK C RODGERS (MD, Africa-Asia Pacific) has made 0 purchases and 2 sales selling 5,804 shares for an estimated $741,971.
PETER TOTH (EVP, Chief Sustain & Dev Off) has made 0 purchases and 2 sales selling 6,000 shares for an estimated $663,270.
THOMAS RONALD PALMER (CEO) sold 5,000 shares for an estimated $406,700
BRUCE R BROOK has made 0 purchases and 2 sales selling 4,160 shares for an estimated $360,505.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$NEM Hedge Fund Activity

We have seen 834 institutional investors add shares of $NEM stock to their portfolio, and 683 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 24,039,434 shares (-75.0%) from their portfolio in Q4 2025, for an estimated $2,400,337,484
BLACKROCK, INC. added 7,642,703 shares (+6.2%) to their portfolio in Q4 2025, for an estimated $763,123,894
PACER ADVISORS, INC. removed 5,739,772 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $573,116,234
VAN ECK ASSOCIATES CORP added 5,643,496 shares (+23.4%) to their portfolio in Q4 2025, for an estimated $563,503,075
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 4,588,018 shares (+110.4%) to their portfolio in Q4 2025, for an estimated $458,113,597
PRICE T ROWE ASSOCIATES INC /MD/ removed 3,777,721 shares (-54.1%) from their portfolio in Q4 2025, for an estimated $377,205,441
JPMORGAN CHASE & CO removed 3,368,878 shares (-37.4%) from their portfolio in Q4 2025, for an estimated $336,382,468

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$NEM Analyst Ratings

Wall Street analysts have issued reports on $NEM in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

UBS issued a "Buy" rating on 12/01/2025

To track analyst ratings and price targets for $NEM, check out Quiver Quantitative's $NEM forecast page.

$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 $150.0.

Here are some recent targets:

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
Michael Jalonen from B of A Securities set a target price of $115.0 on 10/16/2025

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.