Newmont Stock Pressured by Falling Gold Prices and Weak Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 10 2026
0mins
Source: NASDAQ.COM
- Significant Stock Decline: Newmont's shares (NYSE: NEM) fell 5.9% at Wednesday's close, reflecting market concerns over its muted 2026 guidance, particularly amid declining gold prices.
- Falling Gold Prices: Gold prices have dropped substantially in recent weeks, falling below $4,100 per ounce on Wednesday, marking a significant decline from levels last seen in November 2025, which puts greater pressure on Newmont's revenue from gold sales.
- Production Outlook Downgrade: Newmont expects its gold production to decrease from 5.7 million ounces in 2025 to 5.3 million ounces in 2026 due to planned sequencing at two mines and lower expected grades at another, further weakening its profitability outlook.
- Cash Flow and Buyback Plans: Despite generating a record quarterly free cash flow of $3.1 billion and doubling its share buyback program to $6 billion, Newmont's future cash flows and profits remain under severe threat due to the volatility in gold prices.
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Analyst Views on NEM
Wall Street analysts forecast NEM stock price to rise
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 108.440
Low
89.00
Averages
110.85
High
125.00
Current: 108.440
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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- Strategic Execution Capability: The company stated in its press release that the new executives will enhance its “ability to execute its strategy with clarity and focus,” which will help improve performance, maintain cost discipline, and deliver long-term value for shareholders.
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- Operational and Technical Leadership: New COO Mark Rodgers and CTO David Thornton, both current executives, will leverage their experience—Rodgers since 2020 and Thornton since 2016—to further improve operational efficiency and drive technological innovation within the company.
- Enhanced Strategic Execution: Newmont's press release emphasized that the new appointments will strengthen alignment across operations, finance, and technical functions, which is anticipated to improve performance, maintain cost discipline, and ultimately deliver long-term value for shareholders.
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- Oil Price Impact: WTI crude oil prices dropped over 3% to a 3.25-month low, easing inflation expectations and providing support for stocks and bonds, reflecting a cautious market outlook on future economic growth.
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