Newmont Mining Corporation ($NEM) Stock Forecast: Down 5.6% Today

What is Newmont Mining Corporation?

Newmont Corporation (NEM) is the world's largest gold producer, benefiting from record gold prices and strong financial performance. The company's disciplined cost management and strategic operations have positioned it as a leader in the industry.

Why is Newmont Mining Corporation going down?

NEM stock is down 5.6% on Apr 28, 2026 17:02

• Today, Newmont Corporation (NEM) experienced a strong bearish movement in the market, despite analysts maintaining a Buy rating with a $151.00 price target. The following factors may have contributed to this downturn:
• There was an announcement of a gold spinoff in New York by another mining company, possibly creating uncertainty in the gold sector and impacting Newmont's stock negatively.
• The overall market saw a bearish movement, potentially leading to profit-taking by investors and affecting NEM's stock price despite its strong fundamentals and analyst consensus.
• Analysts' bullish ratings on other companies in the materials sector, like Dow Inc, might have diverted investor attention away from Newmont Corporation, causing a decline in its stock value.
• Factors such as market sentiment and industry developments could have influenced the bearish movement in NEM's stock today, despite its strong financial performance and attractive dividend offerings.

NEM Price Chart

NEM Technical Analysis

NEM News

Barrick picks New York for gold spinoff later this year

Barrick Mining Corp. plans to list its North American operations in New York with a secondary listing in Toronto, aiming to complete the IPO by year-end. This spinoff, potentially worth over US$60 billion, will separate its North American assets from operations in riskier jurisdictions and follows a period of declining output and management changes. The new entity will include Barrick's interests in joint ventures with Newmont Corp. in Nevada and the Dominican Republic.

https://financialpost.com/commodities/mining/barrick-new-york-gold-spinoff-this-year

Analysts Are Bullish on Top Materials Stocks: Dow Inc (DOW), Newmont Mining (NEM)

Analysts have issued bullish ratings for Dow Inc (DOW) and Newmont Mining (NEM) in the Materials sector. RBC Capital maintained a Buy rating for Dow Inc with a $51.00 price target, while Scotiabank maintained a Buy rating on Newmont Mining with a $151.00 price target. Both companies show strong analyst consensus for future upside.

https://www.theglobeandmail.com/investing/markets/stocks/NEM/pressreleases/1555856/analysts-are-bullish-on-top-materials-stocks-dow-inc-dow-newmont-mining-nem/

Southern Copper Corporation stock (US8362051098): Is copper demand from green energy strong enough to unlock new upside?

Southern Copper Corporation (US8362051098) is positioned to benefit from surging global copper demand driven by the energy transition, electrification, and infrastructure projects. The company's vertically integrated operations, low-cost reserves, and strategic expansion projects contribute to its strong market position and appeal to investors seeking exposure to essential metals. While risks like commodity price volatility and geopolitical tensions exist, analysts largely view Southern Copper favorably due to its financial strength and growth prospects.

https://www.ad-hoc-news.de/boerse/news/ueberblick/southern-copper-corporation-stock-us8362051098-is-copper-demand-from/69251502

NovaGold Resources Secures Buy Rating for Alaskan Gold Project

Canaccord Genuity initiated coverage of NovaGold Resources Inc. with a "Speculative Buy" rating and a $13 price target, highlighting the company's 50% stake in the Donlin Gold project in Alaska. The Donlin project is noted for its significant size, high grade, jurisdictional stability, and local support. The company has engaged WSP, Worley, and Hatch to advance the updated bankable feasibility study, aiming to solidify the technical foundation for the potential development of a major U.S. mine.

https://www.harianbasis.co/en/novagold-resources-donlin-gold-rating

Newmont Is Golden: Why Record Gold Prices Make It a Must-Buy Dividend Stock Now

Newmont (NEM), the world's largest gold producer, has significantly benefited from record gold prices, reporting a Q1 2026 record free cash flow of $3.1 billion and revenue of $7.31 billion, up 42% year-over-year. The company's disciplined cost management, evidenced by a 21% reduction in all-in sustaining costs to $1,029 per ounce, positioned it as a leader in converting gold strength into shareholder value. Newmont is returning capital to shareholders through a $0.26 per share quarterly dividend and a new $6 billion share repurchase authorization, making it an attractive dividend stock with a strong buy consensus from analysts.

https://www.barchart.com/story/news/1546826/newmont-is-golden-why-record-gold-prices-make-it-a-must-buy-dividend-stock-now

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Newmont Mining Corporation Price History

24.03.2026 - NEM Stock was up 5.6%

• The surge in NEM's stock price was driven by its record-breaking first-quarter earnings and surpassing free cash flow projections, demonstrating its robust financial performance.
• The company's announcement of a $6.0 billion share repurchase program indicated a high level of confidence in its ability to generate future cash flow, despite facing challenges like lower gold production offset by a rise in gold prices.
• Positive analyst ratings contributed to investor confidence in NEM, underlining a favorable outlook on the company's potential for growth.
• NEM's sound strategic choices, strong financial indicators, and established position in the market were key factors in its recent bullish streak, attracting investors looking for opportunities in the precious metals industry.

24.03.2026 - NEM Stock was up 5.4%

• Newmont Corporation's bullish movement can be attributed to its impressive Q1 2026 earnings report, which showcased an EPS of $2.90, exceeding estimates by a significant margin.
• The announcement of a quarterly dividend of $0.26 per share and the authorization of a new $6 billion share repurchase program have likely bolstered investor confidence in the company's financial strength and commitment to returning value to shareholders.
• Despite operational challenges such as an earthquake at Cadia, Newmont's focus on operational excellence, cost discipline, and the generation of a record $3.1 billion in free cash flow have demonstrated its resilience and ability to navigate obstacles effectively.
• The reaffirmation of 2026 guidance, discussions on managing cost pressures like rising energy prices, and updates on key ventures like the Nevada Gold Mines joint venture have further contributed to the positive sentiment surrounding Newmont Corporation, driving its stock price upwards.

24.03.2026 - NEM Stock was up 8.8%

• Newmont Corporation (NEM) experienced a strong bullish movement today following the release of its impressive first-quarter financial performance.
• The company exceeded profit expectations, driven by strong gold prices, increased production, and efforts to reduce costs.
• The announcement of a new $6 billion share repurchase authorization further bolstered investor confidence in NEM's ability to generate cash.
• Despite potential higher costs in the upcoming quarter, NEM upheld its full-year production and cost guidance, demonstrating resilience in navigating challenges such as increased spending and royalties.

08.03.2026 - NEM Stock was up 5.1%

• Strong Q1 production figures by Endeavour Silver contributed to the positive market sentiment towards precious metals, potentially benefiting NEM's stock performance.
• A significant investment by Center For Asset Management LLC in NEM suggests confidence in the company's future growth prospects, reflecting the optimistic outlook on gold prices and industry dynamics.
• NEM outperformed its competitors in a volatile trading session, demonstrating resilience and competitiveness, even though it closed below its 52-week high, supporting the upward trend in the stock price.

28.03.2026 - NEM Stock was down 5.3%

• Newmont Corp. stock underperformed on Monday, dropping by 3.83% compared to competitors and closing below its 52-week high.
• The announcement of Barrick Mining Corp.'s plan to spin off its North American operations in a potentially lucrative IPO may have led to some investor uncertainty and profit-taking in the gold sector, impacting Newmont's stock negatively.
• While analysts have maintained a bullish outlook on Newmont Mining, the market movement today could be a result of short-term market fluctuations and profit realization after a period of strong performance.
• Despite the bearish movement, Newmont's solid financials, strong position in the gold market, and attractive dividend offerings continue to make it an appealing long-term investment option for investors seeking exposure to the gold sector.

28.03.2026 - NEM Stock was down 5.6%

• Today, Newmont Corporation (NEM) experienced a strong bearish movement in the market, despite analysts maintaining a Buy rating with a $151.00 price target. The following factors may have contributed to this downturn:
• There was an announcement of a gold spinoff in New York by another mining company, possibly creating uncertainty in the gold sector and impacting Newmont's stock negatively.
• The overall market saw a bearish movement, potentially leading to profit-taking by investors and affecting NEM's stock price despite its strong fundamentals and analyst consensus.
• Analysts' bullish ratings on other companies in the materials sector, like Dow Inc, might have diverted investor attention away from Newmont Corporation, causing a decline in its stock value.
• Factors such as market sentiment and industry developments could have influenced the bearish movement in NEM's stock today, despite its strong financial performance and attractive dividend offerings.

31.02.2026 - NEM Stock was up 5.1%

• NEM experienced a bullish movement today due to positive investor sentiment and institutional support, as evidenced by increased stakes from Royal Fund Management LLC and Mn Services Vermogensbeheer B.V.
• Analysts' bullish outlook on NEM, coupled with the company's robust financials and increased dividend, contributed to the stock's upward trajectory.
• Despite some insider selling by individuals like director David James Fry and EVP Peter Toth, the overall market sentiment towards NEM remains optimistic, supported by a consensus "Buy" rating and a significant institutional ownership of 68.85%.
• The inclusion of Vox Royalty (VOXR) in the VanEck Junior Gold Miners ETF also added to the positive sentiment in the gold mining sector, further boosting investor interest in companies like NEM.

25.02.2026 - NEM Stock was up 7.4%

• Newmont Corp. is a leading company in the Gems, Jewellery, and Watches industry, with a market capitalization of USD 120,644 million. Despite short-term challenges, the company has demonstrated strong long-term growth potential.
• The company saw positive market movements recently, potentially linked to its promising long-term outlook and robust financial performance.
• Intraday trading showed volatility, with a low point at USD 94.34, possibly influenced by short-term market fluctuations.
• Investor confidence may be supported by Newmont Corp.'s yearly net sales growth of 14.07% and a low Debt to EBITDA ratio of 0.49, despite recent setbacks.
• Factors like increasing gold prices and industry-specific issues could also play a role in driving Newmont Corp.'s recent market performance.

01.03.2026 - NEM Stock was up 5.2%

• Two major investment firms significantly increased their stakes in Newmont Corporation, showing strong confidence in the company's future growth prospects and financial health.
• Newmont reported strong quarterly earnings, beating analyst expectations, and increased its dividend, indicating positive momentum and shareholder value.
• The upcoming Q1 2026 earnings release for Newmont is generating investor interest, focusing on gold's performance amidst sector dynamics and macro shifts.
• The current investment opportunity in the gold market, combined with geopolitical tensions and expansionary monetary policy, is driving investor sentiment towards gold companies like Newmont, setting them up for long-term gains.

01.03.2026 - NEM Stock was up 5.7%

• NEM displayed a notable bullish movement today amid speculations of surpassing earnings projections in the upcoming period, supported by a history of positive surprises and a favorable Zacks Rank.
• An insider's sale of 3,000 shares was noted, potentially serving as routine activity to diversify the insider's portfolio and did not deter investor confidence in the company.
• The optimistic outlook within the gold mining industry, as reflected in the strong performance of Wheaton Precious Metals and AngloGold Ashanti, likely played a role in NEM's positive momentum.
• The bullish trend in NEM can be attributed to favorable expectations for earnings, regular insider transactions, and the positive market conditions in the gold mining sector.

01.03.2026 - NEM Stock was up 6.5%

• The bullish movement in NEM could be attributed to Nisa Investment Advisors LLC significantly increasing its stake in the company by 52.2%, reflecting confidence in Newmont's performance and future prospects.
• The insider sale of 3,000 shares by an insider could have also contributed to the positive sentiment, indicating liquidity needs but not raising any red flags for investors.
• As Newmont Corporation gears up for its upcoming Q1 2026 earnings report, investors are optimistic about the company's growth prospects amidst changing sector dynamics and strong analyst buy ratings.
• Overall, the bullish trend in NEM today could be a result of a combination of increased investor confidence, positive insider activity, and anticipation of strong financial performance in the upcoming earnings report.

19.02.2026 - NEM Stock was down 8.8%

• Newmont's stock plummeted by 8.76% today, driven by a sharp decline in gold prices following the Federal Reserve's decision to maintain interest rates, increasing the opportunity cost of holding gold.
• Concerns over the company's 2026 guidance, projecting lower gold production and higher costs, added to investor apprehension, further exacerbated by news of an executive share sale.
• The overall downturn in mining shares and precious metals was fueled by rising inflation expectations and fading hopes for global interest rate cuts, leading to widespread investor fears and market volatility.
• While Newmont maintains a strong financial position, potential buyers may consider waiting for market stabilization before making investment decisions, as the company navigates through the current turbulent market conditions.