Newmont slides as gold pulls back and traders lock in gains after recent rally

Newmont Corporation (NEM) is down 9.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a broad selloff in gold-linked equities as gold prices retreated after a sharp, geopolitics-fueled run-up, prompting profit-taking across the sector. Newmont had also rallied into late February on strong results and 2026 guidance, which can leave the stock more sensitive to a one-day pullback in bullion.

Details:

Gold prices fell sharply on March 3 after recent gains, a move widely tied to profit-taking and shifting risk sentiment, which typically pressures large gold miners with high near-term correlation to bullion.

Newmont reported fourth-quarter and full-year 2025 results on February 19, 2026, and issued 2026 production and cost guidance; after such catalysts, short-term positioning can amplify downside on a weak metals tape.

The company also declared a $0.26 quarterly dividend with a record date of March 3, 2026; as the market transitions around record/ex-date mechanics, flows can become more volatile for income-focused holders.

This could also be partly technical: after a strong multi-week run in gold and miner equities, systematic and momentum strategies often reduce exposure quickly when bullion reverses.

Sources:

Newmont investor release, The Economic Times, Người Lao Động

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

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

BRUCE R BROOK has made 0 purchases and 4 sales selling 8,317 shares for an estimated $692,208.
MARK C RODGERS (MD, Africa-Asia Pacific) sold 4,443 shares for an estimated $577,590
THOMAS RONALD PALMER (CEO) sold 5,000 shares for an estimated $406,700

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

$NEM Hedge Fund Activity

We have seen 859 institutional investors add shares of $NEM stock to their portfolio, and 736 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 Congressional Stock Trading

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

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

REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 09/23.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$NEM Analyst Ratings

Wall Street analysts have issued reports on $NEM in the last several months. We have seen 4 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
CIBC issued a "Outperformer" rating on 10/10/2025
Raymond James issued a "Outperform" rating on 09/23/2025
RBC Capital issued a "Outperform" rating on 09/10/2025

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 8 analysts offer price targets for $NEM in the last 6 months, with a median target of $113.5.

Here are some recent targets:

Bob Brackett from Bernstein set a target price of $157.0 on 02/27/2026
Tanya Jakusconek from Scotiabank set a target price of $152.0 on 01/26/2026
Daniel Major from UBS set a target price of $125.0 on 12/01/2025
Michael Jalonen from B of A Securities set a target price of $115.0 on 10/16/2025
Alexander Hacking from Citigroup set a target price of $104.0 on 10/15/2025
Anita Soni from CIBC set a target price of $112.0 on 10/10/2025
Brian MacArthur from Raymond James set a target price of $84.0 on 09/23/2025

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.