Newmont Corporation (NEM) shares rose 1.4% to $128.82 as of September 9, 2026, a modest gain from the prior close of $127.09. BestStocks flagged the session as a major change for NEM. The move is tied to price move down. Below, we break down what changed for NEM, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
What happened
NEM climbed 1.4% to $128.81
NEM rose 1.4% in its latest session, moving from $127.09 to $128.82.
Material / EarningsWeak confidence
Rel. volume
0.7×
Below Avg
Vs peers
—
No comparable peers
Market cap
$135.7B
New York Stock Exchange
Analyst target
$137
+6.2% vs price
Price chart
Aug 10 – Sep 9
E earnings
F filing
A analyst
V/N other
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Change events — click to jump to details
What it means for Newmont Corporation investors
For Newmont Corporation investors, the balance of recent signals points to a bullish shift. On the constructive side: Material positive event; Positive 1.4% session move. Weighing against that: NEM moved -3.20% from $98.20 to $95.06 on 2026-07-07; New SEC filing — review for material disclosures. Wall Street's consensus price target sits at $136.83, implying +6.2% upside from $128.82. Over the past 90 days analysts logged 1 upgrade and 0 downgrades. BestStocks rates the overall signal quality weak (37/100). With earnings roughly 43 days out, the next report is the most likely near-term test of the move.
NEM price reaction
NEM last traded at $128.82, up $1.73 (+1.36%) from the previous close of $127.09. The session traded on 0.7× average volume (below avg), so participation was unremarkable. Over the past month the stock has ranged between $114.19 and $135.14, and it currently sits about 70% of the way up that band.
Bullish and bearish analyst opinions on Newmont Corporation (NEM)
The consensus analyst price target on Newmont Corporation (NEM) is $136.83, 6.2% above the recent $128.82. Over the past 90 days analysts logged 1 upgrade, 8 maintains, and 0 downgrades. Here is how the bullish and bearish cases on NEM line up.
▲ The bullish case
+Wall Street's consensus price target of $136.83 implies +6.2% upside from $128.82.
+The Street's most bullish target is $170.00 (+32.0%).
+1 analyst upgrade in the past 90 days, most recently TD Cowen to Buy (2026-07-14).
+Material positive event.
+Positive 1.4% session move.
▼ The bearish case
−The most bearish analyst target is $110.00 (-14.6%).
−NEM moved -3.20% from $98.20 to $95.06 on 2026-07-07.
Bull vs bear balanceBullish Shift
BearishNeutralBullish
Weighing both sides, BestStocks' composite read of recent signals is bullish, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.
Analyst price targets and ratings are FMP consensus figures as of Sep 9, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Newmont rose 2.36% to $134.95, driven by strong institutional investment interest including a major $778.89 million stake update from Legal & General Group Plc, combined with sustained elevated gold prices and positive analyst sentiment (Scotiabank cited as maintaining bullish outlook). Volume of 4.6M shares ran 33% below the session average at this time, suggesting selective accumulation rather than broad retail participation.
Newmont shares climbed 2.59% to $130.94 as gold miners tracked their strongest monthly performance since 2020, driven by surging precious metal prices and sector-wide momentum (MarketWatch). Rising macroeconomic tailwinds lifted spot gold and fueled heavy investor interest into senior producers, while Newmont's strong corporate cash flows and recent share buyback announcements added to bullish sentiment.
Gold prices rose on U.S. Treasury actions, lifting NEM +2.77% to $128.54 intraday (from $125.08). Finance.yahoo.com reported similar strength in gold-linked equities amid currency and rate dynamics. Volume stands at 1.66x normal pace for this point in the trading session.
Newmont Corporation (NEM) rose 7.51% to $124.69, driven by positive momentum from resolution of Nevada Gold Mines disputes with Barrick, strategic portfolio optimization deals, and sustained high spot gold prices generating robust free cash flow, according to web sources cited by Google's AI Overview on finance.yahoo.com. Volume traded 5.04M shares (1.28x normal for this point in the session), supporting the move.
Newmont rose 2.02% to $120.14, advancing despite published concerns about 2026 margin pressure. Zacks analysis flagged that lower production, higher royalties, and elevated sustaining capital will compress unit costs in 2026—a headwind that did not prevent today's intraday gain. Volume of 1.16M shares ran at 1.0x the historical 60-minute average, indicating normal participation.
Newmont shares rallied 4.19% to $118.98, extending a broader 24-month monthly surge fueled by gold prices near record highs and positive resolution of Nevada Gold Mines joint venture agreements, per Yahoo Finance. Strong recent quarterly earnings and optimism around the company's exploration pipeline in Nevada and Australia also supported the move; volume of 1.26M shares ran 1.07x normal for this time of session.
Newmont rose 1.81% to $115.02 following Barrick Mining's settlement of a longstanding Nevada dispute, which included a $1.95 billion cash payout to Newmont and amendment of the Nevada Gold Mines joint venture agreement, resolving all outstanding disputes between the parties (WSJ, GlobeNewswire, 2026-08-10). Volume was elevated at 2.16x expected for this time of session.
Newmont Corporation moved +6.55% intraday from $105.43 to $112.34. Brokers Suggest Investing in Newmont (NEM): Read This Before Placing a Bet: When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's [2026-08-06]
In-depth NEM event analyses
Permanent, dated analyses of NEM's most significant sessions.
NEM rose 1.4% to $128.82. No single company-specific catalyst was confirmed during the move window, and it looks technical.
How much did NEM stock rise?
NEM gained 1.36% ($1.73) versus the prior close of $127.09, last trading at $128.82 on 0.7× average volume.
When is Newmont Corporation's next earnings date?
NEM's next earnings report is estimated for 2026-10-22 — about 43 days away.
What is the analyst price target for NEM?
The consensus analyst price target for NEM is $136.83, about 6.2% above the current $128.82. Over the past 90 days, analysts recorded 1 upgrade, 8 maintains, and 0 downgrades.
How BestStocks tracks NEM
This page is generated automatically by BestStocks' change-detection system after price move down was detected and verified against independent data sources. It draws on 20 tracked change events for NEM, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of September 9, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.
