Why Newmont (NEM) Stock Is Up 3.7% Today

Newmont Corporation (NEM) is up 3.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a combination of stronger gold prices, growing optimism ahead of Newmont’s second-quarter results scheduled for July 23, 2026, and a recent analyst upgrade that improved sentiment around the stock. This looks more like a favorable setup for a gold producer than a reaction to a single fresh company announcement today.

Details:

Gold was trading near a two-week high on July 22, which tends to support the earnings outlook and valuation of large gold miners such as Newmont.

Newmont previously announced it will release second-quarter 2026 results after the market closes on July 23, 2026, which may have encouraged pre-earnings positioning.

TD Cowen upgraded Newmont to Buy on July 14, reflecting a more constructive view on valuation and adding a recent company-specific bullish signal.

Newmont entered the quarter with a sizable share repurchase authorization and strong first-quarter free cash flow, which likely helped reinforce confidence heading into earnings.

Sources:

Newmont, Investing.com, MarketScreener

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 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 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 5 sales selling 15,000 shares for an estimated $1,586,700.
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.
MARK C RODGERS (MD, Africa-Asia Pacific) has made 0 purchases and 2 sales selling 5,804 shares for an estimated $741,971.
NATASCHA VILJOEN (President & CEO) sold 3,882 shares for an estimated $408,852

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 820 institutional investors add shares of $NEM stock to their portfolio, and 794 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
BLACKROCK, INC. removed 3,886,764 shares (-3.0%) from their portfolio in Q1 2026, for an estimated $420,742,203
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
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added 1,934,794 shares (+1247.1%) to their portfolio in Q1 2026, for an estimated $209,441,450
CITIGROUP INC removed 1,888,447 shares (-45.7%) from their portfolio in Q1 2026, for an estimated $204,424,387

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.