Newmont Stock Declines Amid Market Turmoil
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 19 2026
0mins
Should l Buy NEM?
Source: Fool
Newmont Corporation (NEM) shares fell 3.45% during regular trading, hitting a 20-day low as broader market conditions weighed heavily on the stock.
The decline comes amid significant market turmoil, with gold prices dropping over 5% to below $4,600 per ounce, reflecting investor concerns over rising inflation and interest rates. Newmont was notably the largest decliner in the S&P 500, down 8.4%, indicating a loss of investor confidence in the company's future profitability. Despite these challenges, Newmont generated record free cash flows last year, suggesting that the company is in a position to strengthen its balance sheet in the long term.
Investors are advised to remain patient as the market navigates through these turbulent times, with analysts warning that the combination of falling gold prices and rising energy costs could further pressure profit margins in the mining sector.
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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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- Market Rebound: The S&P 500 and Nasdaq Composite reached all-time highs this week, with the S&P 500 surpassing 7,100 for the first time, reflecting strong investor confidence in economic recovery and suggesting further upward momentum for equities.
- 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.
- Technical Fragility: Despite the market's strong short-term performance, analyst Craig Johnson warns that the rapid transition from oversold to overbought conditions masks underlying macroeconomic risks, urging investors to remain cautious and focus on high-quality investment opportunities.
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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
NEWMONT: CADIA'S NEAR-TERM PRODUCTION IS EXPECTED TO REMAIN UNCHANGED
- 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
NEWMONT - CADIA PROCESSING OPERATIONS GRADUALLY INCREASED AND ARE RETURNING TO NORMAL THROUGHPUT LEVELS
- 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
NEWMONT - INSPECTIONS REVEAL MINOR DAMAGE IN SOME UNDERGROUND AREAS
- 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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Corporate Update: Newmont Corporation has provided an update on its operations in Canada, highlighting recent developments and performance metrics.
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
