Newmont slips as gold prices retreat, pressuring gold miners

Newmont Corporation (NEM) is down 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a pullback in gold prices, which can quickly pressure gold-miner equities because their near-term cash flow and margins are highly sensitive to bullion moves. With no clear company-specific headline dominating the session, the move looks primarily macro/commodity-driven.

Details:

Gold prices moved lower amid a firmer U.S. dollar and higher energy-linked inflation concerns, a backdrop that can weigh on non-yielding assets like gold.

Gold miners often show amplified downside versus spot gold on down days as investors reprice expected margins and near-term free cash flow.

Newmont’s recent quarterly materials highlighted that costs and sustaining capital can vary quarter-to-quarter, which can increase equity sensitivity when the gold price softens.

A small piece of industry news tied to a royalty on a Newmont-owned deposit surfaced, but it does not appear large enough on its own to explain a broad, same-day selloff in NEM.

Sources:

Newmont Investor Relations, Kitco News, GlobeNewswire

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 919 institutional investors add shares of $NEM stock to their portfolio, and 864 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
GOLDMAN SACHS GROUP INC added 2,501,206 shares (+45.8%) to their portfolio in Q1 2026, for an estimated $270,755,549
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 2,476,112 shares (-28.3%) from their portfolio in Q1 2026, for an estimated $268,039,124
QUBE RESEARCH & TECHNOLOGIES LTD added 2,158,396 shares (+243.1%) to their portfolio in Q1 2026, for an estimated $233,646,367

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 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 $150.0.

Here are some recent targets:

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
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.