Newmont slides as gold prices retreat on higher yields and a firmer dollar

Newmont Corporation (NEM) is down 6.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a broad pullback in precious metals, with gold falling sharply as U.S. yields and the U.S. dollar strengthened amid renewed inflation and “higher-for-longer” rate expectations. Because Newmont’s revenue and cash flow are highly sensitive to bullion prices, the stock can drop more than spot gold on down days as investors reprice near-term margins.

Details:

Gold fell roughly 2% in Friday trading, with higher Treasury yields and a stronger dollar weighing on demand for non-yielding assets.

Recent inflation-related data and macro commentary increased expectations that interest rates could stay elevated, pressuring gold and gold-linked equities.

Other precious metals also weakened (including an outsized move in silver), reinforcing a risk-off tone across the precious-metals complex and mining shares.

Newmont recently highlighted strong Q1 free cash flow and reiterated full-year operating plans in an April 2026 earnings release, suggesting today’s move is more commodity-driven than company-specific.

Sources:

MarketScreener, FXStreet, U.S. SEC (Newmont Form 8-K)

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 10 times in the past 6 months. Of those trades, 0 have been purchases and 10 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
DAVID JOHN THORNTON (MD, Americas) has made 0 purchases and 2 sales selling 10,356 shares for an estimated $1,226,299.
PETER TOTH (EVP, Chief Sustain & Dev Off) has made 0 purchases and 3 sales selling 9,000 shares for an estimated $993,600.
MARK C RODGERS (MD, Africa-Asia Pacific) has made 0 purchases and 2 sales selling 5,804 shares for an estimated $741,971.
BRUCE R BROOK sold 2,080 shares for an estimated $192,108

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.

$NEM Hedge Fund Activity

We have seen 904 institutional investors add shares of $NEM stock to their portfolio, and 837 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
AQR CAPITAL MANAGEMENT LLC added 3,345,543 shares (+82.5%) to their portfolio in Q4 2025, for an estimated $334,052,468
MILLENNIUM MANAGEMENT LLC removed 3,258,192 shares (-94.4%) from their portfolio in Q4 2025, for an estimated $325,330,471
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 2,476,112 shares (-28.3%) from their portfolio in Q1 2026, for an estimated $268,039,124

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 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 6 analysts offer price targets for $NEM in the last 6 months, with a median target of $150.5.

Here are some recent targets:

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.