Newmont Corporation (NEM) is up 3.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is another leg up in gold prices, which tends to lift large gold miners because their earnings and cash flow are highly sensitive to bullion. The move also appears to be supported by Newmont’s strong second-quarter results, steady full-year outlook, and aggressive capital returns, which have kept investor sentiment constructive.

Details:

  • Gold climbed to a near three-month high on August 21, helped by a softer U.S. dollar and bond-market moves, creating a favorable backdrop for gold producers.
  • In its July 23 earnings release, Newmont posted record second-quarter free cash flow of $2.2 billion and operating cash flow of $2.9 billion.
  • Newmont said it remains on track to meet full-year 2026 guidance of 5.3 million attributable gold ounces, reinforcing the view that recent operating performance is holding up.
  • The company also highlighted sizable shareholder returns, including $1.9 billion through dividends and share repurchases since the prior earnings call, with additional buyback capacity still available.

    • Sources:

    Newmont, SEC, MarketScreener

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $NEM Insider Trading Activity

    NEM Insider Trades

    $NEM insiders have traded $NEM stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.

    Here’s a breakdown of recent trading of $NEM stock by insiders over the last 6 months:

    • DAVID JAMES FRY (Group Head Projects & Studies) sold 18,394 shares for an estimated $2,050,037
    • PETER TOTH (EVP, Chief Sustain & Dev Off) has made 0 purchases and 6 sales selling 18,000 shares for an estimated $1,867,050.
    • PETER WEXLER (EVP, CLO & Interim CFO) sold 13,378 shares for an estimated $1,473,051
    • DAVID JOHN THORNTON (MD, Americas) has made 0 purchases and 2 sales selling 10,356 shares for an estimated $1,226,299.
    • NATASCHA VILJOEN (President & CEO) has made 0 purchases and 2 sales selling 11,646 shares for an estimated $1,216,308.
    • BRIAN TABOLT (Chief Financial Officer) sold 11,445 shares for an estimated $1,202,755
    • MARK C RODGERS (MD, Africa-Asia Pacific) has made 0 purchases and 2 sales selling 5,804 shares for an estimated $741,971.
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    To track insider transactions, check out Quiver Quantitative’s insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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    $NEM Hedge Fund Activity

    We have seen 837 institutional investors add shares of $NEM stock to their portfolio, and 1,007 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    To track hedge funds’ stock portfolios, check out Quiver Quantitative’s institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

    $NEM Congressional Stock Trading

    Members of Congress have traded $NEM stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

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    Here’s a breakdown of recent trading of $NEM stock by members of Congress over the last 6 months:

    To track congressional stock trading, check out Quiver Quantitative’s congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

    $NEM Price Targets

    Multiple analysts have issued price targets for $NEM recently. We have seen 10 analysts offer price targets for $NEM in the last 6 months, with a median target of $145.5.

    Here are some recent targets:

    • Michael Jalonen from B of A Securities set a target price of $132.0 on 07/09/2026
    • Josh Wolfson from RBC Capital set a target price of $135.0 on 07/09/2026
    • Fahad Tariq from Jefferies set a target price of $146.0 on 07/06/2026
    • Daniel Major from UBS set a target price of $120.0 on 06/30/2026
    • Richard Garchitorena from Barclays set a target price of $133.0 on 05/22/2026
    • Jackie Przybylowski from BMO Capital set a target price of $145.0 on 04/24/2026
    • Anita Soni from CIBC set a target price of $176.0 on 04/21/2026

    This article is not financial advice. See Quiver Quantitative’s disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.


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