Newmont Stock Price Drops 4.3%, Analysts Weigh In

Shares of Newmont Corporation (NYSE:NEM) fell over 4% on Friday, leading analysts to reassess their price targets.

Mar. 13, 2026 at 9:40pm

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Newmont Corporation (NYSE:NEM) saw its stock price drop 4.3% during mid-day trading on Friday, with shares trading as low as $108.80. The company's stock had previously closed at $114.48. Trading volume increased 5% from the average session, with 10,445,395 shares changing hands. Analysts have been closely watching Newmont, with several recently adjusting their price targets and ratings on the stock.

Why it matters

Newmont is one of the world's largest gold mining companies, so fluctuations in its stock price can have broader implications for the gold and precious metals markets. Investors will be closely watching to see if this dip is a temporary correction or the start of a longer-term downward trend.

The details

Several equity analysts have recently commented on Newmont shares. TD Cowen raised its price target from $89 to $120 and maintained a "hold" rating, while Zacks Research upgraded the stock to "strong-buy." Wall Street Zen also upgraded Newmont from "hold" to "buy." However, TD Securities reduced its price target from $120 to $118 and maintained a "hold" rating.

  • Newmont's stock price fell 4.3% during mid-day trading on Friday, March 13, 2026.

The players

Newmont Corporation

A leading global gold mining company engaged in exploration, development, processing, and reclamation of gold properties.

TD Cowen

An equity research firm that recently raised its price target on Newmont shares.

Zacks Research

An equity research firm that recently upgraded Newmont's stock rating to "strong-buy."

Wall Street Zen

An equity research firm that recently upgraded Newmont's stock rating from "hold" to "buy."

TD Securities

An equity research firm that recently reduced its price target on Newmont shares.

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What they’re saying

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What’s next

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The takeaway

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