Newmont slides as investors digest 2026 outlook after Q4 earnings beat

Newmont Corporation (NEM) is down 4.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears tied to a “sell-the-news” reaction after Newmont’s Q4 and full-year 2025 results, with investor focus shifting to softer 2026 operating expectations. Even with strong profitability helped by higher realized gold prices, guidance pointing to lower 2026 gold output and higher cost/capital needs likely pressured the shares.

Details:

Newmont reported fourth-quarter and full-year 2025 results alongside its 2026 guidance and an updated capital allocation framework.

The company’s 2026 attributable gold production outlook is approximately 5.3 million ounces, lower than 2025 production levels highlighted in the release.

Gold by-product all-in sustaining costs for 2026 are guided to about $1,680/oz, and the company outlined sizable 2026 sustaining and development capital spending plans.

Newmont declared a $0.26 per share quarterly dividend for Q4 2025, payable March 26, 2026, which may not have been enough to offset near-term guidance concerns.

Sources:

Newmont Investor Relations, Barron’s, 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 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 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.
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 854 institutional investors add shares of $NEM stock to their portfolio, and 734 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 $108.0.

Here are some recent targets:

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
Josh Wolfson from RBC Capital set a target price of $95.0 on 09/10/2025

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.