Newmont Corporation Shares Decline Amid Economic Data Pressure
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 13 2026
0mins
Should l Buy NEM?
Source: Benzinga
Newmont Corporation's stock fell by 3.55% and hit a 20-day low, reflecting ongoing market pressures.
The decline is attributed to a combination of economic growth slowdown and mixed inflation data, which have raised concerns about the profitability of gold mining companies. Analysts noted that the U.S. economy's growth rate was revised down significantly, and inflationary pressures persist, impacting investor demand for gold. Despite these challenges, Newmont's competitive edge remains, with analysts optimistic about its long-term profitability.
The implications of these economic indicators suggest that while Newmont faces short-term challenges, its strong fundamentals may provide resilience in the long run.
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Analyst Views on NEM
Wall Street analysts forecast NEM stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 113.410
Low
89.00
Averages
110.85
High
125.00
Current: 113.410
Low
89.00
Averages
110.85
High
125.00
About NEM
Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver with operations and/or assets in the Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea regions. The Company's operations include Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM. The Brucejack operation includes four mining leases and six core mineral claims which cover 8,169 acres (3,306 hectares) and 337 mineral claims covering 298,795 acres (120,918 hectares). The Red Chris operation includes five mining leases which cover 12,703 acres and 199 mineral claims, encompassing an area of 164,903 acres (66,734 hectares). Penasquito includes 20 mining concessions for operations comprising 113,231 acres (45,823 hectares) and 60 mining concessions for exploration of 107,456 acres (43,486 hectares). The Merian operation includes one right of exploitation encompassing an area of 41,687 acres (16,870 hectares).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Earnings Expectations: According to FactSet, the S&P 500 is projected to have a blended growth rate of 12.5% in Q1, with 78% of reporting companies exceeding expectations, providing a positive backdrop for the upcoming earnings season that could further bolster market confidence.
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- National Bank of Canada Update: The National Bank of Canada has revised its sector performance outlook, indicating a shift in market expectations.
- Target Price Adjustment: The bank has lowered its target price for a specific sector from $140 to $130, reflecting a more cautious approach to future performance.
See More
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- Market stability: The current outlook suggests stability in production levels despite external factors.
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- Processing Operations at Cadia: Cadia has ramped up its processing operations, indicating a return to normal throughput levels.
- Impact on Production: The increase in processing capacity is expected to positively affect overall production metrics at the site.
See More
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- Impact Evaluation: The findings suggest that the overall impact of the damage is minimal and manageable.
See More
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Operational Highlights: The update includes key operational achievements and challenges faced by Newmont in its Canadian operations, reflecting the company's strategic focus in the region.
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