Newmont Shares Plummet Amid Falling Gold Prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 06 2026
0mins
Should l Buy NEM?
Source: Fool
Newmont Corporation's stock fell sharply, hitting a 5-day low, as it experienced a significant drop of 5% in regular trading.
The decline in Newmont's shares is attributed to falling gold prices, which dropped from an all-time high of $5,417 per ounce to below $5,100 this week. This price fluctuation is primarily driven by a strengthening U.S. dollar and rising U.S. Treasury yields, which have diminished gold's appeal as a safe haven asset amid ongoing geopolitical tensions. Despite generating a record $7.3 billion in free cash flow in 2025, the company's stock has reacted strongly to these market conditions.
The implications of this price drop suggest that Newmont may face challenges in maintaining its growth trajectory if gold prices continue to decline. Analysts recommend that investors remain calm and consider the company's strong financial position as a reason to hold onto their shares for potential long-term gains.
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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.
- Oil Price Volatility: While oil prices have fallen to around $80 per barrel, significantly below the $110 peak during the conflict, the market must remain vigilant regarding the potential impacts of U.S.-Iran tensions on global supply chains, particularly concerning the safety of transit through the Strait of Hormuz.
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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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- Near-term production expectations: Near-term production is not expected to be impacted in Canada.
- Market stability: The current outlook suggests stability in production levels despite external factors.
See More
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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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- Damage Assessment: Inspections indicate that while damage is present in certain underground areas, it is not significant.
- 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.
See More
