Newmont Shares Fall as Gold Weakens and Rates Worry Miners
Newmont shares fell 4.0% today. Gold prices weakened. Rate concerns pressured the mining sector.
Key points
- Newmont shares fell 4.0% as gold prices weakened and high interest rate concerns persisted.
- Insiders made 12 sales totaling over $6.5 million in the last six months.
- JPMorgan added 8.4 million shares worth $784.86 million in Q2 2026.
Newmont Corporation shares dropped 4.0% today. Gold prices weakened as the U.S. dollar strengthened. Investors worried that interest rates would remain high for longer.
No major company-specific news emerged to explain the decline. The broader market moved against gold miners. This trend hurt Newmont despite its strong operational position in the sector.
Insiders Sold Shares Recently
Insiders made twelve sales in the last six months. There were zero purchases during this period. CEO Natasha Viljoen sold 15,528 shares for about $1,693,794.
Peter Toth sold 18,000 shares for an estimated $1,912,050. CFO Brian Tabolt sold 11,445 shares for $1,202,755. These transactions reflect consistent selling by top executives.
Institutional Investors Split on Position
Eight hundred thirty-nine institutions added shares in the last quarter. One thousand fifteen institutions reduced their positions. JPMorgan Chase added 8,403,248 shares in Q2 2026.
JPMorgan’s addition was worth an estimated $784,863,363. Arrowstreet Capital removed 5,846,225 shares from its portfolio. BlackRock also cut its position by 5,207,318 shares.
Analysts Set Moderate Price Targets
Seven analysts issued price targets in the past six months. The median target stood at $135.00. Jefferies set the highest target at $146.00 recently.
UBS offered the lowest target at $120.00. These figures show a wide range of expectations. Quiver Quantitative tracks these institutional and analyst moves closely.
