Newmont slips as investors weigh Nevada JV uncertainty and gold-price sensitivity

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 appears to be renewed investor concern around Newmont’s Nevada Gold Mines relationship with Barrick and the economics of the nearby Fourmile asset. A separate factor is normal gold-miner sensitivity to bullion prices, interest-rate expectations, and profit-taking after Newmont’s strong late-July earnings report. Because there does not appear to be a single company-specific announcement from Newmont today, part of the move could be investors reassessing these broader issues.

Details:

Newmont said in February that Nevada Gold Mines had suffered a decline in performance and asset value, and it disclosed concerns about alleged mismanagement tied to Barrick’s Fourmile project.

In its first-quarter filing, Newmont said it had exercised contractual inspection and audit rights at Nevada Gold Mines after identifying evidence it believed warranted review.

Barrick has continued advancing plans for a North American gold-assets IPO that would include its Nevada Gold Mines stake and Fourmile, keeping attention on how Newmont’s joint-venture interests are protected and valued.

Newmont’s own second-quarter results were strong and management said it remains on track for full-year guidance, so today’s decline could be because the market is focusing more on external valuation and joint-venture questions than on operating performance.

Sources:

Newmont, SEC, Barrick

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 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 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 TOTH (EVP, Chief Sustain & Dev Off) has made 0 purchases and 6 sales selling 18,000 shares for an estimated $1,867,050.
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.
NATASCHA VILJOEN (President & CEO) has made 0 purchases and 2 sales selling 11,646 shares for an estimated $1,216,308.
BRIAN TABOLT (Chief Financial Officer) sold 11,445 shares for an estimated $1,202,755
MARK C RODGERS (MD, Africa-Asia Pacific) has made 0 purchases and 2 sales selling 5,804 shares for an estimated $741,971.

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.

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$NEM Hedge Fund Activity

We have seen 835 institutional investors add shares of $NEM stock to their portfolio, and 941 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 8,403,248 shares (+inf%) to their portfolio in Q2 2026, for an estimated $784,863,363
VAN ECK ASSOCIATES CORP added 6,218,529 shares (+20.9%) to their portfolio in Q1 2026, for an estimated $673,155,764
BLACKROCK, INC. removed 5,207,318 shares (-4.1%) from their portfolio in Q2 2026, for an estimated $486,363,501
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
LOS ANGELES CAPITAL MANAGEMENT LLC removed 2,234,524 shares (-64.2%) from their portfolio in Q2 2026, for an estimated $208,704,541
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 Congressional Stock Trading

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

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

SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$NEM Price Targets

Multiple analysts have issued price targets for $NEM recently. We have seen 10 analysts offer price targets for $NEM in the last 6 months, with a median target of $145.5.

Here are some recent targets:

Michael Jalonen from B of A Securities set a target price of $132.0 on 07/09/2026
Josh Wolfson from RBC Capital set a target price of $135.0 on 07/09/2026
Fahad Tariq from Jefferies set a target price of $146.0 on 07/06/2026
Daniel Major from UBS set a target price of $120.0 on 06/30/2026
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

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.