Newmont rises as gold strengthens and investors look ahead to earnings

2026-10-16

Investivoq PriceTracker

Newmont Corporation (NEM) is up 3.1% today. Here is some analysis on what might have caused this price movement. ([newmont.com](https://www.newmont.com/investors/news-release/news-details/2026/Newmont-Announces-Third-Quarter-2026-Results-Conference-Call/default.aspx?utm_source=openai))

Analysis: The most likely driver is a rebound in gold prices, which tends to lift major gold miners like Newmont. The move may also reflect support from Newmont’s strong cash generation, ongoing buybacks, and positioning ahead of its October 22, 2026 third-quarter results. ([kitco.com](https://www.kitco.com/news/off-the-wire/2026-10-15/gold-rebounds-weaker-dollar-yields-october-fed-hike-bets-subdued?utm_source=openai))

Details:

Gold climbed more than 1% on October 15 as the dollar weakened and Treasury yields eased, a backdrop that generally benefits bullion-linked equities. ([kitco.com](https://www.kitco.com/news/off-the-wire/2026-10-15/gold-rebounds-weaker-dollar-yields-october-fed-hike-bets-subdued?utm_source=openai))

Newmont said in its second-quarter release that it produced about 1.3 million attributable gold ounces, generated record quarterly free cash flow of $2.2 billion, and remained on track for full-year 2026 guidance. ([investors.newmont.com](https://investors.newmont.com/investors/news-release/news-details/2026/Newmont-Reports-Robust-Second-Quarter-2026-Results-Remains-on-Track-to-Achieve-Full-Year-Guidance/default.aspx?utm_source=openai))

The company also said it had returned substantial capital through dividends and share repurchases, with billions still remaining under its authorization, which can help sentiment during commodity-led rallies. ([newmont.com](https://www.newmont.com/investors/news-release/news-details/2026/Newmont-Reports-Robust-Second-Quarter-2026-Results-Remains-on-Track-to-Achieve-Full-Year-Guidance/default.aspx?utm_source=openai))

Newmont has scheduled its third-quarter 2026 results for October 22, and that event may be drawing incremental investor interest as traders position for another update on production, costs, and capital returns. ([newmont.com](https://www.newmont.com/investors/news-release/news-details/2026/Newmont-Announces-Third-Quarter-2026-Results-Conference-Call/default.aspx?utm_source=openai))

Sources:

Newmont, SEC, Kitco ([investors.newmont.com](https://investors.newmont.com/investors/news-release/news-details/2026/Newmont-Reports-Robust-Second-Quarter-2026-Results-Remains-on-Track-to-Achieve-Full-Year-Guidance/default.aspx?utm_source=openai))

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 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.

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

NATASCHA VILJOEN (President & CEO) has made 0 purchases and 4 sales selling 19,410 shares for an estimated $2,139,486.
PETER TOTH (EVP, Chief Sustain & Dev Off) has made 0 purchases and 6 sales selling 18,000 shares for an estimated $1,917,210.
PETER WEXLER (EVP, CLO & Interim CFO) sold 13,378 shares for an estimated $1,473,051
BRIAN TABOLT (Chief Financial Officer) sold 11,445 shares for an estimated $1,202,755
DAVID JOHN THORNTON (MD, Americas) sold 2,296 shares for an estimated $252,812

To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

$NEM Hedge Fund Activity

We have seen 819 institutional investors add shares of $NEM stock to their portfolio, and 890 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
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 6,576,743 shares (+inf%) to their portfolio in Q2 2026, for an estimated $614,267,796
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 5,846,225 shares (-93.3%) from their portfolio in Q2 2026, for an estimated $546,037,415
BLACKROCK, INC. removed 5,207,318 shares (-4.1%) from their portfolio in Q2 2026, for an estimated $486,363,501
PACER ADVISORS, INC. added 4,043,139 shares (+inf%) to their portfolio in Q2 2026, for an estimated $377,629,182
VAN ECK ASSOCIATES CORP removed 3,883,894 shares (-10.8%) from their portfolio in Q2 2026, for an estimated $362,755,699
INVESCO LTD. added 2,872,870 shares (+19.7%) to their portfolio in Q2 2026, for an estimated $268,326,058

To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq 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 $135.0.

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 Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.