Newmont Tops Overbought List with 82.3 RSI Amid Gold Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 24 2026
0mins
Source: CNBC
- Newmont's Strong Performance: Topping the overbought list, Newmont's 14-day RSI reached 82.3, with shares rising over 8% this week due to geopolitical unrest and expectations of a U.S. interest rate cut, indicating robust gold demand.
- Memory Product Makers Surge: Sandisk and Micron saw increases of 16.6% and 10.7% respectively, with RSIs of 78.4 and 76.9, reflecting a strong market sentiment as AI memory product demand significantly outpaces supply.
- AMD's Continued Strength: Chipmaker AMD, after a nine-day winning streak, has an RSI of 76.9 and saw shares jump over 11.5% this week, showcasing investor confidence in its AI capabilities despite overall market volatility.
- Netflix's Downbeat Sentiment: Despite narrowly beating Q4 earnings expectations, Netflix shares fell 2.8% this week, with an RSI around 26, indicating cautious market sentiment and potential for a near-term rebound.
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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: 108.330
Low
89.00
Averages
110.85
High
125.00
Current: 108.330
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.
US Stocks Close Lower as Tech Rally Falters
- Market Decline: The S&P 500 and Nasdaq 100 fell by 0.67% and 0.61%, respectively, reaching 1.5-week lows, indicating concerns over a pullback in tech stocks, particularly as the AI-driven rally loses momentum, which may affect investor confidence.
- Rising Bond Yields: The 10-year T-note yield surged to a 16-month high of 4.69%, triggering risk-off sentiment that led to increased stock liquidation, further heightening market uncertainty and potentially prompting the Fed to adopt tighter monetary policies.
- Supportive Economic Data: April pending home sales rose by 1.4% month-over-month, surpassing expectations of 1.0%, and March figures were revised up to 1.7%, demonstrating resilience in the housing market that could provide some support for stocks.
- Oil Price Volatility: WTI crude prices fell nearly 1% following President Trump's comments on Iran, while the IEA reported a decline in global oil inventories of about 4 million bpd, suggesting that the market will remain undersupplied in the near term, impacting related energy stocks.
See More
Newmont Corp Shares Drop Amid Declining Gold Prices
- Stock Decline: Newmont Corp's shares (NEM) fell by 4.2% by 11:45 AM today, reflecting the ongoing decline in gold prices, indicating an increasing sensitivity of the company to gold price fluctuations.
- Investment Strategy Shift: By acquiring top-tier assets like Newcrest Mining and divesting non-core assets, Newmont has focused on gold, which enhances the correlation between its stock price and gold prices, potentially leading to increased volatility in the future.
- Gold Price Outlook: Despite a decline in demand due to high prices in 2025, global central banks are likely to continue increasing their gold reserves, suggesting that the long-term fundamentals for gold remain strong, which could positively impact Newmont's stock.
- Market Dynamics Analysis: The surge in speculative positions in gold over the past few years has contributed to the recent relative weakness in gold prices, and this trend may continue to affect Newmont's stock performance this year.
See More
US Stocks Retreat as Tech Rally Falters
- Market Retreat: The S&P 500 index fell by 0.68% and the Nasdaq 100 by 0.95%, both hitting 1.5-week lows, indicating a weakening confidence in tech stocks that could affect investor sentiment and future capital flows.
- Rising Bond Yields: The 10-year T-note yield climbed to a 16-month high of 4.69%, intensifying concerns over rising inflation that may prompt the Fed to pursue tighter monetary policy, thereby impacting stock market performance.
- Supportive Economic Data: April pending home sales rose by 1.4% month-over-month, surpassing expectations of 1.0%, demonstrating resilience in the housing market that could provide some support for stocks, despite overall market pressures.
- Oil Price Volatility: WTI crude oil prices dropped over 1% today due to geopolitical factors, with market concerns about future supply tightness intensifying, potentially affecting stock performance in related sectors, particularly airlines and mining stocks.
See More
Newmont's Business Strategy Increases Gold Price Sensitivity
- Increased Gold Price Sensitivity: Newmont's strategy of investing in top-tier assets, particularly through the 2023 acquisition of Newcrest Mining, has significantly heightened its sensitivity to gold prices, suggesting that its stock price will increasingly correlate with gold price fluctuations.
- Stock Price Decline: As of 11:45 today, Newmont's shares fell by 4.2%, reflecting the ongoing weakness in gold prices, which, despite a strong start to 2026, have only risen about 4.3% recently.
- Investment Demand Shift: The increase in investment demand in 2025 has offset declines in jewelry sector demand, leading to relative weakness in gold prices, indicating a significant rise in speculative positions that could impact Newmont's market performance.
- Optimistic Long-Term Outlook: Although gold prices may weaken in the short term, the trend of global central banks increasing their gold reserves is likely to continue, especially as U.S. debt levels rise, suggesting that the long-term fundamentals for gold remain strong.
See More
Newmont Corp Shares Drop 4.2% Amid Gold Price Decline
- Stock Price Decline: Newmont Corp (NYSE: NEM) shares fell by 4.2% by 11:45 AM today, primarily due to a continued decline in gold prices, which, despite a strong start to 2026, are currently up only about 4.3%.
- Investment Strategy Shift: Newmont's increasing sensitivity to gold prices stems from its strategy of investing in top-tier assets, including those acquired from the Newcrest Mining Limited deal, while divesting non-core assets, thereby enhancing the correlation between its stock price and gold prices.
- Gold Market Outlook: Although gold prices are currently weak, the long-term fundamentals remain strong, as global central banks are likely to continue increasing their gold reserves, especially with rising U.S. debt levels, which could impact Newmont's stock price.
- Investment Consideration: Before purchasing Newmont stock, analysts highlight that the company is not among the top recommended stocks currently, suggesting investors consider other high-return opportunities to avoid missing out on better investment prospects.
See More
Newmont Corporation's Gold Investment Strategy Analysis
- Strategic Focus: Newmont Corporation is divesting non-core assets to concentrate on its Tier 1 gold assets in Papua New Guinea, Australia, and Ghana, aiming to enhance production efficiency and profitability, thereby increasing sensitivity to gold price fluctuations over the next five years.
- Risk and Reward: While concentrating investments in fewer high-quality mines raises risks from mining failures, labor strikes, or political events, it also allows for significant profit expansion when gold prices rise, appealing to investors seeking exposure to rising gold prices.
- Gold Market Outlook: According to the World Gold Council, gold investment demand is projected to surge to 2,175 tons in 2025, indicating speculative demand in the market; despite potential short-term price corrections, the long-term demand trends remain robust.
- Global Monetary System Shift: Since the 2008 financial crisis, the share of gold in official reserve assets has increased from 6% to 18% by 2024, indicating a shift towards diversifying away from U.S. debt and towards gold, which further supports Newmont's strategy and investor confidence.
See More
US Stocks Close Lower as Tech Rally Falters
- Market Decline: The S&P 500 and Nasdaq 100 fell by 0.67% and 0.61%, respectively, reaching 1.5-week lows, indicating concerns over a pullback in tech stocks, particularly as the AI-driven rally loses momentum, which may affect investor confidence.
- Rising Bond Yields: The 10-year T-note yield surged to a 16-month high of 4.69%, triggering risk-off sentiment that led to increased stock liquidation, further heightening market uncertainty and potentially prompting the Fed to adopt tighter monetary policies.
- Supportive Economic Data: April pending home sales rose by 1.4% month-over-month, surpassing expectations of 1.0%, and March figures were revised up to 1.7%, demonstrating resilience in the housing market that could provide some support for stocks.
- Oil Price Volatility: WTI crude prices fell nearly 1% following President Trump's comments on Iran, while the IEA reported a decline in global oil inventories of about 4 million bpd, suggesting that the market will remain undersupplied in the near term, impacting related energy stocks.
See More
Newmont Corp Shares Drop Amid Declining Gold Prices
- Stock Decline: Newmont Corp's shares (NEM) fell by 4.2% by 11:45 AM today, reflecting the ongoing decline in gold prices, indicating an increasing sensitivity of the company to gold price fluctuations.
- Investment Strategy Shift: By acquiring top-tier assets like Newcrest Mining and divesting non-core assets, Newmont has focused on gold, which enhances the correlation between its stock price and gold prices, potentially leading to increased volatility in the future.
- Gold Price Outlook: Despite a decline in demand due to high prices in 2025, global central banks are likely to continue increasing their gold reserves, suggesting that the long-term fundamentals for gold remain strong, which could positively impact Newmont's stock.
- Market Dynamics Analysis: The surge in speculative positions in gold over the past few years has contributed to the recent relative weakness in gold prices, and this trend may continue to affect Newmont's stock performance this year.
See More
US Stocks Retreat as Tech Rally Falters
- Market Retreat: The S&P 500 index fell by 0.68% and the Nasdaq 100 by 0.95%, both hitting 1.5-week lows, indicating a weakening confidence in tech stocks that could affect investor sentiment and future capital flows.
- Rising Bond Yields: The 10-year T-note yield climbed to a 16-month high of 4.69%, intensifying concerns over rising inflation that may prompt the Fed to pursue tighter monetary policy, thereby impacting stock market performance.
- Supportive Economic Data: April pending home sales rose by 1.4% month-over-month, surpassing expectations of 1.0%, demonstrating resilience in the housing market that could provide some support for stocks, despite overall market pressures.
- Oil Price Volatility: WTI crude oil prices dropped over 1% today due to geopolitical factors, with market concerns about future supply tightness intensifying, potentially affecting stock performance in related sectors, particularly airlines and mining stocks.
See More
Newmont's Business Strategy Increases Gold Price Sensitivity
- Increased Gold Price Sensitivity: Newmont's strategy of investing in top-tier assets, particularly through the 2023 acquisition of Newcrest Mining, has significantly heightened its sensitivity to gold prices, suggesting that its stock price will increasingly correlate with gold price fluctuations.
- Stock Price Decline: As of 11:45 today, Newmont's shares fell by 4.2%, reflecting the ongoing weakness in gold prices, which, despite a strong start to 2026, have only risen about 4.3% recently.
- Investment Demand Shift: The increase in investment demand in 2025 has offset declines in jewelry sector demand, leading to relative weakness in gold prices, indicating a significant rise in speculative positions that could impact Newmont's market performance.
- Optimistic Long-Term Outlook: Although gold prices may weaken in the short term, the trend of global central banks increasing their gold reserves is likely to continue, especially as U.S. debt levels rise, suggesting that the long-term fundamentals for gold remain strong.
See More
Newmont Corp Shares Drop 4.2% Amid Gold Price Decline
- Stock Price Decline: Newmont Corp (NYSE: NEM) shares fell by 4.2% by 11:45 AM today, primarily due to a continued decline in gold prices, which, despite a strong start to 2026, are currently up only about 4.3%.
- Investment Strategy Shift: Newmont's increasing sensitivity to gold prices stems from its strategy of investing in top-tier assets, including those acquired from the Newcrest Mining Limited deal, while divesting non-core assets, thereby enhancing the correlation between its stock price and gold prices.
- Gold Market Outlook: Although gold prices are currently weak, the long-term fundamentals remain strong, as global central banks are likely to continue increasing their gold reserves, especially with rising U.S. debt levels, which could impact Newmont's stock price.
- Investment Consideration: Before purchasing Newmont stock, analysts highlight that the company is not among the top recommended stocks currently, suggesting investors consider other high-return opportunities to avoid missing out on better investment prospects.
See More
Newmont Corporation's Gold Investment Strategy Analysis
- Strategic Focus: Newmont Corporation is divesting non-core assets to concentrate on its Tier 1 gold assets in Papua New Guinea, Australia, and Ghana, aiming to enhance production efficiency and profitability, thereby increasing sensitivity to gold price fluctuations over the next five years.
- Risk and Reward: While concentrating investments in fewer high-quality mines raises risks from mining failures, labor strikes, or political events, it also allows for significant profit expansion when gold prices rise, appealing to investors seeking exposure to rising gold prices.
- Gold Market Outlook: According to the World Gold Council, gold investment demand is projected to surge to 2,175 tons in 2025, indicating speculative demand in the market; despite potential short-term price corrections, the long-term demand trends remain robust.
- Global Monetary System Shift: Since the 2008 financial crisis, the share of gold in official reserve assets has increased from 6% to 18% by 2024, indicating a shift towards diversifying away from U.S. debt and towards gold, which further supports Newmont's strategy and investor confidence.
See More
