Newmont Mining Corporation ($NEM) Stock Forecast: Up 5.3% Today

What is Newmont Mining Corporation?

Newmont Corporation (NEM) is a leading gold mining company with a global presence. The company is known for its strong performance in the precious metals market.

Why is Newmont Mining Corporation going up?

NEM stock is up 5.3% on Feb 6, 2026 18:42

• Newmont's stock experienced a strong bullish movement after a price target adjustment to $126 from $115, along with an "Outperform" rating.
• The surge in Newmont's stock price can be attributed to the positive sentiment towards gold mining companies, as demonstrated by the strong performance of Hecla Mining and Gold Fields' significant profit increase driven by bullion prices.
• Despite a recent decline in Newmont's stock price due to a precious-metals sell-off and operational concerns at the Tanami mine, the overall outlook remains positive. This is supported by the current metals surge and optimistic production guidance in the industry.
• Factors such as bullion prices, upcoming earnings reports, and market trends are being closely monitored by investors to assess the future performance of Newmont and other gold mining companies.

NEM Price Chart

NEM Technical Analysis

NEM News

Macquarie Adjusts Price Target on Newmont to $126 From $115, Maintains Outperform Rating

Macquarie has increased its price target for Newmont Corporation (NEM) to $126 from $115, while reaffirming its "Outperform" rating on the stock. This adjustment reflects an updated outlook from the investment bank regarding the gold mining company. The news was published on February 6, 2026, at 11:45 am EST.

https://www.marketscreener.com/news/macquarie-adjusts-price-target-on-newmont-to-126-from-115-maintains-outperform-rating-ce7e5ad9df88f724

Which Mining Companies Are Profiting from the Metals Surge?

The article discusses the current metals surge, focusing on gold and silver mining companies that are profiting. It highlights Hecla Mining's strong performance, Coeur Mining's acquisition strategy, and provides investment recommendations from analysts. Despite some recent declines, gold remains a popular investment with anticipated future increases.

https://intellectia.ai/news/stock/which-mining-companies-are-profiting-from-the-metals-surge

Hecla Mining (HL) Valuation Rechecked After Strong Metals Prices And Upgraded Production Outlook

Hecla Mining (HL) is seeing renewed interest due to strong metal prices, robust 2025 production, and optimistic 2026 guidance. While a fair value narrative suggests the stock is 73.4% undervalued at $80 per share based on high free cash flow projections and rich metal pricing assumptions, a cautious view notes the current P/E ratio of 71.9x is significantly higher than industry and peer averages, indicating potential overvaluation risks if sentiment shifts. Investors are encouraged to consider both perspectives and external factors.

https://simplywall.st/stocks/us/materials/nyse-hl/hecla-mining/news/hecla-mining-hl-valuation-rechecked-after-strong-metals-pric

Gold Fields Says Profit Almost Tripled on Bullion Price Rally

Gold Fields Ltd. announced that its profit nearly tripled last year, driven by the rally in bullion prices. The company expects its 2025 earnings to be between $3.87 and $4.11 per share, marking a significant increase of 178% to 196% compared to the prior year. This surge in profitability is attributed to the record performance of gold.

https://www.bloomberg.com/news/articles/2026-02-06/gold-fields-says-profit-almost-tripled-on-bullion-price-rally

Newmont stock price slides after precious-metals sell-off; Tanami halt adds fresh risk

Newmont's stock price declined by 7% due to a broad precious-metals sell-off, with gold and silver prices dropping significantly. Adding to the concerns, Newmont halted operations at its Tanami mine after a fatal incident, creating uncertainty about its restart timeline. Investors are now focusing on upcoming U.S. jobs data, bullion's price movements, and Newmont's Q4 and full-year 2025 earnings report scheduled for February 19.

https://ts2.tech/en/newmont-stock-price-slides-after-precious-metals-sell-off-tanami-halt-adds-fresh-risk/

Trending Today

Ethereum ($ETH) Crypto Forecast: Up 5.3% Today

Newmont Mining Corporation Price History

05.01.2026 - NEM Stock was down 5.5%

• NEM stock experienced a strong bearish movement today, likely influenced by the broader market sentiment towards gold prices.
• The drop in NEM stock price can be attributed to the recent volatility in gold prices, with prices briefly hitting a peak above $5,300/oz before retracting below $5,000/oz.
• Investors may have reacted to the short-term adjustments in NEM stock due to its high sensitivity to gold prices, despite no changes in the company's operational outlook.
• The overall market movement for NEM reflects the ongoing challenges and uncertainties in the gold market, impacting the stock's valuation and investor sentiment.

05.01.2026 - NEM Stock was down 5.1%

• Newmont (NEM) stock might have experienced a bearish movement due to overvaluation scrutiny following a rebound in gold prices and expectations of Federal Reserve rate cuts.
• The positive performance of other mining companies like Linde PLC and their optimistic guidance for the upcoming year might have shifted investor focus away from Newmont (NEM).
• The strong growth outlook for the Zacks Mining Silver industry, especially with key stocks like Fresnillo plc, Hecla Mining, Buenaventura Mining, and Avino Silver & Gold Mines Ltd., could have diverted investor interest from gold-focused companies like Newmont (NEM).
• The anticipation of an earnings beat from Albemarle (ALB) and other basic materials stocks like Agnico Eagle Mines (AEM) and Kinross Gold (KGC) might have led to a rotation of investments away from Newmont (NEM) towards these potentially more lucrative options.

29.00.2026 - NEM Stock was down 0.8%

• Today, NEM saw a significant bearish movement despite recent bullish trends. Here are possible reasons behind this market shift:
• Profit-taking by investors after a notable stock price increase.
• Concerns over regulatory risks in Ghana, specifically related to a proposed mining royalty hike.
• Insider selling of 9,160 shares, potentially indicating apprehensions among company insiders.
• Market sentiment change likely influenced by multiple factors, resulting in NEM's stock decline even with positive analyst outlooks and institutional support.

06.01.2026 - NEM Stock was up 5.3%

• Newmont's stock experienced a strong bullish movement after a price target adjustment to $126 from $115, along with an "Outperform" rating.
• The surge in Newmont's stock price can be attributed to the positive sentiment towards gold mining companies, as demonstrated by the strong performance of Hecla Mining and Gold Fields' significant profit increase driven by bullion prices.
• Despite a recent decline in Newmont's stock price due to a precious-metals sell-off and operational concerns at the Tanami mine, the overall outlook remains positive. This is supported by the current metals surge and optimistic production guidance in the industry.
• Factors such as bullion prices, upcoming earnings reports, and market trends are being closely monitored by investors to assess the future performance of Newmont and other gold mining companies.

03.01.2026 - NEM Stock was up 6.0%

• Technical analysis suggesting downside risk for NEM might have initially caused some caution among investors, leading to a brief dip in the stock price.
• The significant increase in stake by Strengthening Families & Communities LLC and Principal Financial Group Inc. indicates strong confidence in NEM's long-term prospects, potentially driving up the stock price.
• An analyst's new Buy rating with a high price target for NEM could have sparked renewed investor interest and contributed to the bullish movement.
• Overall, the combination of positive analyst ratings, increased institutional investments, and favorable financial performance likely propelled NEM's strong bullish movement today.

06.00.2026 - NEM Stock was up 5.1%

• NEM stock surged to an all-time high of $106.38, reflecting a remarkable 177.99% increase over the past year.
• The bullish movement can be attributed to the successful commercial production of the Ahafo North project and strategic financial decisions, despite some analyst concerns about valuation.
• Analysts' mixed reactions, with one raising the price target to $111 based on strong cash flow, while another downgraded NEM to Neutral due to valuation worries, created some volatility.
• The overall positive sentiment towards gold, with a forecast of a price of $4,800 per ounce by Q4 2026, likely contributed to the bullish trend in NEM stock as investors seek safe-haven assets amidst geopolitical uncertainties.

06.00.2026 - NEM Stock was up 5.2%

• Newmont Goldcorp's stock hit an all-time high due to various factors:
• Strong financial health displayed by a perfect Piotroski Score of 9 and successful commercial production of the Ahafo North project.
• Positive outlook from analysts, with varying price targets and one firm raising its target to $111.
• Increased institutional interest, exemplified by a significant 172.2% rise in holdings by Robeco Institutional Asset Management B.V. during the third quarter.
• The surge in gold prices, attributed to geopolitical tensions and a predicted increase to $4,800 per ounce by Q4 2026 by Morgan Stanley, also played a role in driving NEM's stock upward.
• Overall, Newmont Goldcorp's strong fundamentals, successful strategies, optimistic analyst views, and the favorable gold price forecast collectively lifted its stock to unprecedented levels, demonstrating resilience and attractiveness to investors in the current market climate.

28.00.2026 - NEM Stock was up 5.9%

• Bank of New York Mellon Corp reduced its stake in Newmont Corporation, but analysts remain optimistic about the company's prospects, leading to a consensus "Buy" rating and raised price targets.
• The surge in gold prices above $5,000 an ounce, driven by geopolitical tensions and fiscal concerns, contributed to the rise in Newmont's stock price.
• Investors are closely monitoring the Federal Reserve's upcoming announcement and the sustained behavior of gold prices, indicating a heightened interest in precious metals.
• The increased trading volume for Silver ETFs, reaching parity with the SPY ETF, suggests a growing focus on precious metals in the market, potentially benefiting companies like Newmont Corporation.

30.00.2026 - NEM Stock was down 7.1%

• The bearish movement in Newmont Corporation's stock today could be attributed to profit-taking by institutional investors, as evidenced by recent insider sales by the CEO and Director, despite positive sentiment and increased holdings by institutions like AustralianSuper Pty Ltd and the Arizona State Retirement System.
• The market may be reacting to potential concerns about future challenges surrounding windfall taxes and valuation, leading to a temporary dip in the stock price.
• Despite the bearish movement, Newmont's strategic initiatives like "Project Catalyst" and efficient mining practices continue to position the company as a leader in the industry, suggesting that today's decline may be a short-term market correction rather than a reflection of the company's long-term prospects.

30.00.2026 - NEM Stock was down 9.9%

• AustralianSuper Pty Ltd and Arizona State Retirement System increased their stakes in Newmont Corporation, reflecting confidence in the company's long-term prospects despite the current market movement.
• The bearish movement in NEM stock can be attributed to the sharp tumble in gold prices after reaching record highs, leading to profit-taking among investors in the gold mining sector.
• With Newmont's upcoming Q4 and full-year 2025 earnings report on the horizon, investors are closely monitoring the company's profitability, which is highly sensitive to fluctuations in gold prices.
• The addition of experienced directors to i-80 Gold Corp.'s board and Southern Peru's efforts to optimize its Cuajone copper mine highlight the broader trends in the mining industry, which could indirectly impact sentiment towards gold mining stocks like NEM.

30.00.2026 - NEM Stock was down 10.5%

• The announcement of Kevin Warsh as a potential future Fed chair, viewed as less supportive of loose monetary policies, led to a notable decline in gold prices, affecting companies like Newmont that are closely linked to gold.
• Despite impressive profit margins and stock price increases during CEO Natascha Viljoen's tenure, Newmont faced bearish market trends due to the drop in gold prices following the announcement of the Fed chair candidate.
• Newmont's strategic programs like "Project Catalyst" and the integration of AI for cost efficiencies have cemented its position as an industry leader, although fluctuations in gold prices can still influence its stock performance.
• Keeping an eye on communications from Warsh regarding the Fed's stance and the stability of gold prices will be essential for investors looking to assess Newmont's future market performance.

30.00.2026 - NEM Stock was down 10.7%

• Newmont's stock saw a significant bearish movement of 12% to $111.64 as gold prices dropped by 8.9% following a recent event. This development was perceived as less favorable for monetary policy, leading to a sharp selloff in gold and impacting mining stocks like Newmont.
• Despite reaching an all-time high recently, the decrease in Newmont's stock price reflects its strong correlation with gold prices. Analysts have raised the price target for Newmont to $160 per share, citing the stock's low valuation and potential for high earnings growth.
• Under new CEO Natascha Viljoen, Newmont has achieved record-breaking profit margins and stock price surges through strategic initiatives like "Project Catalyst." However, there are future challenges such as windfall taxes and valuation concerns that could affect Newmont's growth trajectory.