Newmont Mining Corporation ($NEM) Stock Forecast: Down 5.1% Today

What is Newmont Mining Corporation?

Newmont Corporation (NEM) is a leading gold mining company with operations and assets in various countries. The company's stock, listed on the NYSE, experienced a strong bearish movement today.

Why is Newmont Mining Corporation going down?

NEM stock is down 5.1% on Feb 21, 2025 20:23

• Newmont Corporation faced a class action securities lawsuit, which may have raised concerns among investors and led to a bearish sentiment.
• Despite surpassing earnings and revenue estimates in Q4, the legal challenges and uncertainties surrounding the lawsuit could have overshadowed the positive financial results.
• The unusual bearish options activity observed today could indicate that some investors are anticipating further downside for NEM, possibly influenced by the ongoing legal issues.
• The combination of positive financial performance and legal troubles seems to have created a mixed outlook for Newmont Corporation, contributing to the bearish market movement witnessed today.

NEM Price Chart

NEM Technical Analysis

NEM News

Newmont Corporation Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before April 1, 2025 to Discuss Your Rights - NEM - Newmont ( NYSE:NEM )

NEW YORK, Feb. 21, 2025 ( GLOBE NEWSWIRE ) -- Levi & Korsinsky, LLP notifies investors in Newmont Corporation ( "Newmont" or the "Company" ) NEM of a class action securities lawsuit.

https://www.benzinga.com/pressreleases/25/02/g43890755/newmont-corporation-sued-for-securities-law-violations-investors-should-contact-levi-korsinsky-bef

Newmont's Earnings and Revenues Surpass Estimates in Q4

The increase in the top line of NEM is primarily due to higher sales volumes and realized gold prices in Q4.

https://www.zacks.com/stock/news/2419657/newmonts-earnings-and-revenues-surpass-estimates-in-q4

NYSE: NEM Investor Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Deadline in Securities Fraud Class Action Lawsuit Filed Against Newmont Corporation - Newmont ( NYSE:NEM )

RADNOR, Pa., Feb. 21, 2025 ( GLOBE NEWSWIRE ) -- The law firm of Kessler Topaz Meltzer & Check, LLP ( www.ktmc.com ) informs investors that a securities class action lawsuit has been filed in the United States District Court for the District of Colorado against Newmont Corporation ( "Newmont" ) ...

https://www.benzinga.com/pressreleases/25/02/g43881347/nyse-nem-investor-reminder-kessler-topaz-meltzer-check-llp-reminds-investors-of-deadline-in-securi

Newmont Corporation ( NEM ) Beats Q4 Earnings and Revenue Estimates

Newmont (NEM) delivered earnings and revenue surprises of 47.37% and 15.80%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2419058/newmont-corporation-nem-beats-q4-earnings-and-revenue-estimates

Looking At Newmont's Recent Unusual Options Activity - Newmont ( NYSE:NEM )

Investors with a lot of money to spend have taken a bearish stance on Newmont NEM. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/25/02/43863879/looking-at-newmonts-recent-unusual-options-activity

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Newmont Mining Corporation Price History

05.11.2024 - NEM Stock was down 2.7%

• The options market sentiment for Newmont (NEM) is leaning bearish, with a higher percentage of traders showing bearish tendencies.
• The bearish movement in the stock today could be attributed to the notable bearish move made by financial giants in the options market.
• The analysis of options history revealing a higher percentage of bearish trades might have influenced investor sentiment and contributed to the strong bearish movement in NEM's stock price today.

30.00.2025 - NEM Stock was up 5.4%

• NEM closed higher today, despite the overall market downturn.
• The recent $425 million asset sale of its Porcupine operation as part of its divestiture program appears to have had a positive impact on NEM's stock.
• Newmont's strategic focus on Tier 1 assets and expansion plans in British Columbia's Golden Triangle is enhancing shareholder returns and positioning the company for growth.
• The successful implementation of its divestiture strategy, with expected total proceeds of $4.3 billion, demonstrates Newmont's commitment to optimizing its portfolio and reducing debt, which has been well-received by investors.

06.08.2024 - NEM Stock was down 2.8%

• Despite the market slip, Newmont Corporation (NEM) managed to increase slightly, showcasing its resilience in a challenging market environment.
• The discrepancy between NEM's performance and the overall market suggests that investors may be seeking safe-haven assets like gold amidst market uncertainties.
• The positive movement in NEM could be attributed to its strong fundamentals and the ongoing demand for gold as a hedge against economic risks.
• While other factors like earnings reports of companies like Agnico (AEM) may influence market sentiment, NEM's relative outperformance indicates a flight to quality by investors seeking stability in turbulent times.

25.09.2024 - NEM Stock was down 13.1%

• NEM demonstrated a strong bearish trend despite announcing quarterly revenue of $4.605 billion, exceeding initial projections.
• The market's adverse reaction may be attributed to NEM's shortfall in GAAP earnings, reporting 76 cents per share, below the anticipated figures.
• Despite benefiting from higher average realized gold prices and sales volumes in the third quarter, NEM encountered selling pressure, likely stemming from investor profit-taking.
• Varied recommendations from analysts on Wall Street, with some advocating for the purchase of NEM shares while others exercising caution, contributed to fluctuations in the stock's value.

12.08.2024 - NEM Stock was up 5.4%

• The bullish movement in NEM could be attributed to the company's strategic divestiture of non-core assets, such as the Telfer operation and Havieron project, to Greatland Gold for $475M. This move might be seen as a positive step towards streamlining operations and focusing on core profitable ventures.
• Despite some bearish options activity observed by investors, the overall market sentiment seems to be optimistic towards NEM, as indicated by Wall Street's bullish views and recommendations to invest in the stock.
• The recent 25% gain in NEM's stock price over the past 3 months could have also contributed to the increased investor interest and buying activity. However, concerns about high production costs may still linger among investors, urging caution before making investment decisions.

18.08.2024 - NEM Stock was up 3.0%

• NEM stock experienced a strong bullish movement today, closing higher than the previous day.
• The conflicting headlines about NEM's stock performance suggest that market volatility and external factors may have influenced the stock's movement.
• The bullish trend could be attributed to positive news about the company's production output, cost management, or overall market sentiment towards gold prices.
• Investors may have reacted positively to any updates regarding NEM's financial health, strategic partnerships, or future growth prospects, driving the stock price higher despite the broader market conditions.

24.09.2024 - NEM Stock was down 5.2%

• Newmont's recent financial results were a mix, with earnings below expectations while revenue exceeded estimates, hinting at possible operational difficulties.
• Despite favorable gold prices and sales figures, investors took a negative stance towards the earnings shortfall, reflecting apprehensions.
• Before the earnings report, there was notable optimism among some investors as seen in the bullish options activity, though the actual outcomes may have not met these hopeful projections.
• The decline in NEM stock value can be linked to the earnings miss and uncertainties about the company's future performance despite a positive gold market environment.

05.01.2025 - NEM Stock was up 5.2%

• NEM, despite grappling with various legal disputes and investor grievances, showcased an impressive upward movement.
• The prevailing positive market trends or anticipated strong financial results may have overshadowed the legal concerns surrounding NEM.
• Investor confidence appears evident in NEM's capacity to address legal challenges and uphold a sturdy market stance.
• The stock's unwavering performance amidst legal hurdles possibly signifies robust fundamentals or positive market sentiment toward the company.

21.01.2025 - NEM Stock was down 5.1%

• Newmont Corporation faced a class action securities lawsuit, which may have raised concerns among investors and led to a bearish sentiment.
• Despite surpassing earnings and revenue estimates in Q4, the legal challenges and uncertainties surrounding the lawsuit could have overshadowed the positive financial results.
• The unusual bearish options activity observed today could indicate that some investors are anticipating further downside for NEM, possibly influenced by the ongoing legal issues.
• The combination of positive financial performance and legal troubles seems to have created a mixed outlook for Newmont Corporation, contributing to the bearish market movement witnessed today.

21.01.2025 - NEM Stock was down 2.9%

• The securities fraud class action lawsuit filed against Newmont Corporation might have negatively impacted investor sentiment, leading to the bearish movement in the stock.
• Despite beating Q4 earnings and revenue estimates, the uncertainty surrounding the lawsuit could have overshadowed the positive financial results, contributing to the downward trend in the stock price.
• The unusual bearish options activity observed on Newmont stock could have further added selling pressure, as investors took a cautious stance on the company's future performance.
• The ongoing legal issues and investor concerns may have created a cloud of uncertainty around Newmont Corporation, leading to the bearish market movement witnessed today.

03.06.2024 - NEM Stock was up 5.1%

• The bullish movement in NEM stock today can be attributed to the appointment of industry veteran Red Conger to its Board of Directors, bringing in a wealth of experience and expertise to the company's leadership.
• The positive sentiment around NEM is further reinforced by Wall Street analysts' recommendations, indicating that the stock is considered a good investment opportunity, potentially driving investor confidence and interest in the company.
• The market's recognition of NEM's strategic moves, such as appointing new independent directors and industry veterans, reflects a strong outlook for the company's future growth and performance, positioning it favorably for potential breakout rallies in the near term.

25.06.2024 - NEM Stock was down 5.4%

• Despite positive developments regarding Newmont's solid quarterly results and earnings surpassing expectations, the stock faced a downward trend.
• The general market uncertainty, highlighted by the S&P 500's recent significant decline, likely influenced the negative investor sentiment impacting Newmont and similar stocks.
• Investors may have responded to the broader market upheaval and uncertainties, resulting in a sell-off of gold stocks like Newmont, despite the company's impressive financial results.
• The discrepancy between the positive earnings news and the stock's negative movement could be linked to profit-taking by investors during the market's volatility.