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Newmont shares fall as gold prices weaken and rate worries pressure miners

Investivoq PriceTracker

Newmont Corporation (NEM) is down 4.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a drop in gold prices, which tends to weigh directly on large gold miners such as Newmont. With bullion pressured by a stronger U.S. dollar and renewed concerns that interest rates could stay higher for longer, investors appear to be marking down the group even though no major new company-specific setback was easy to identify today.

Details:

  • Spot gold fell on September 23 as the dollar strengthened and hawkish Federal Reserve commentary pushed up expectations for tighter monetary policy.
  • Newmont’s earnings and cash flow are closely tied to bullion prices, so weakness in the gold market often translates into outsized moves in the stock.
  • Newmont’s latest quarterly update in July said the company remained on track to achieve full-year guidance and declared a quarterly dividend, which suggests today’s decline was more macro-driven than tied to a newly disclosed operational issue.
  • No prominent fresh filing or company announcement surfaced as an obvious negative catalyst today, so part of the move could also reflect short-term profit-taking across gold equities.

    • Sources:

    Newmont, Kitco, Benzinga

    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 Insider Trades

    $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:

    • PETER TOTH (EVP, Chief Sustain & Dev Off) has made 0 purchases and 6 sales selling 18,000 shares for an estimated $1,912,050.
    • NATASCHA VILJOEN (President & CEO) has made 0 purchases and 3 sales selling 15,528 shares for an estimated $1,693,794.
    • 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.

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    $NEM Hedge Fund Activity

    We have seen 839 institutional investors add shares of $NEM stock to their portfolio, and 1,015 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 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 Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades 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.