US CPI Growth Fuels Inflation Concerns Impacting Gold and Newmont Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 11 2026
0mins
Should l Buy NEM?
Source: NASDAQ.COM
- Inflation Data Impact: The U.S. Bureau of Labor Statistics reported a 2.4% increase in the Consumer Price Index (CPI) for February, maintaining this level for two consecutive months, which has heightened market concerns about inflation, subsequently affecting gold prices and Newmont's stock performance.
- Gold Price Decline: Due to rising inflation expectations, gold prices fell by 1.2% today to $5,178 per ounce, while silver prices dropped by 5.1% to $85 per ounce, directly impacting Newmont's short-term stock performance.
- Newmont Stock Performance: Newmont Corporation's stock declined by 3.2% as of 11:30 a.m. ET on Wednesday, reflecting market concerns over its gold and silver business outlook, although analysts predict that its profits in 2029 will exceed last year's earnings by more than double.
- Investor Confidence: Despite Newmont's price-to-earnings ratio being below 19 times its historical average and a forward P/E ratio of 16 times, analysts remain optimistic about its future profitability; however, recent market volatility may affect investor purchasing decisions.
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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: 113.790
Low
89.00
Averages
110.85
High
125.00
Current: 113.790
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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- Stock Price Opportunities: Despite fluctuations in gold prices since the beginning of the year, Newmont's stock surged 11.7% since last Friday's close, indicating that investors are refocusing on precious metals amid geopolitical tensions, which could further drive stock price increases.
- Future Performance Outlook: Newmont is set to report its first-quarter results on April 23, and the market will closely watch its performance; while macroeconomic and geopolitical factors may sway stock prices, investors should focus on the company's fundamentals.
- Investor Sentiment Shift: As geopolitical issues ease, investors may reconsider investing in Newmont stock, especially against the backdrop of strong company performance, attracting more investors seeking safe assets.
See More
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- Significant Stock Movement: Newmont's stock price surged by 11.7% since last Friday, reflecting renewed investor interest in the gold market, particularly as geopolitical tensions enhance gold's appeal as a safe haven asset.
- Gold Market Dynamics: Despite gold contracts plummeting over 10% since the onset of the Iran war, Newmont's underlying business remains robust, showcasing the company's resilience in uncertain market conditions and likely attracting more investors back.
- Outstanding Cash Flow Performance: Newmont achieved a record $7.3 billion in free cash flow in 2025, with nearly half returned to shareholders through dividends and buybacks, indicating effective capital management and commitment to shareholders.
- Future Earnings Outlook: Newmont is set to report its first-quarter results on April 23; while macroeconomic and geopolitical factors may sway stock prices, investors should focus on performance results to capitalize on opportunities to add Newmont shares during price dips.
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- Strong Cash Flow: Newmont achieved a record free cash flow of $7.3 billion in 2025, with nearly half returned to shareholders through dividends and buybacks, demonstrating the company's financial health and ability to attract more investor attention.
- Geopolitical Impact: Gold contracts have plunged over 10% since the onset of the Iran war, yet Newmont's underlying business remains robust, suggesting that as geopolitical tensions ease, investors are likely to refocus on gold and Newmont stock.
- Future Earnings Outlook: Newmont is set to report its first-quarter results on April 23, and while macroeconomic and geopolitical factors may sway stock prices, investors should concentrate on the earnings results to seize potential investment opportunities.
See More
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- Unemployment Claims Drop: Weekly initial unemployment claims unexpectedly fell by 9,000 to 202,000, indicating a stronger labor market than the anticipated increase to 212,000, which could provide support for the stock market amid rising inflation concerns.
- Global Market Decline: Overseas stock markets are lower, with the Euro Stoxx 50 down 2.25%, China's Shanghai Composite down 0.74%, and Japan's Nikkei 225 sharply falling 2.38% from a two-week high, reflecting global economic uncertainty and investor caution.
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