Newmont Stock Price Drops 2.2%

Analysts remain bullish on the gold mining company despite the recent dip.

Published on Mar. 11, 2026

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Shares of Newmont Corporation (NYSE:NEM), a leading global gold mining company, traded down 2.2% during mid-day trading on Wednesday. The stock closed at $116.23, down from the previous close of $118.90. Trading volume was 15% lower than the average session volume.

Why it matters

Newmont is one of the world's largest gold producers, so fluctuations in its stock price can signal broader trends in the gold mining industry and commodity markets. Despite the recent dip, analysts remain bullish on Newmont, with the majority maintaining a 'Buy' rating on the stock.

The details

The drop in Newmont's stock price came despite the company reporting strong quarterly results in February, with earnings per share coming in well above analyst estimates. The company also recently increased its quarterly dividend. Analysts have cited Newmont's diversified asset base, strong balance sheet, and growth potential as reasons for their positive outlook on the stock.

  • Newmont's stock price closed at $116.23 on Wednesday, March 11, 2026.
  • The company reported Q4 2025 earnings on February 19, 2026.

The players

Newmont Corporation

A leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company is headquartered in Greenwood Village, Colorado and was founded in 1921.

Argus

An investment research firm that covers Newmont and recently lifted its price target on the stock.

Royal Bank of Canada

A major Canadian bank that increased its price target and rating on Newmont in a recent research note.

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