Newmont Corporation's stock continues to plummet, falling over 13% this week and more than 25% since the escalation of the Iran crisis, as high oil prices inflate costs and push interest rates higher. Analysts have now removed Newmont from their recommended stocks, while insider divestments signal waning confidence in the company's future amid projected revenue dips. As geopolitical tensions and inflation persist, the outlook for high-cost miners remains grim, with market sentiment shifting toward caution and volatility expected in the precious metals sector.
“And so, in a nutshell: High oil prices drive high inflation, which in turn raises interest rates. And that is why precious metal stocks are falling.”
“The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Newmont wasn’t one of them.”
“And so, in a nutshell: High oil prices drive high inflation, which in turn raises interest rates. And that is why precious metal stocks are falling.”
“The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Newmont wasn’t one of them.”
“At Newmont (NEM), Group Head of Projects & Studies David Fry sold 51.75% of his ownership in the firm for $2.05M. Fry let go of 18,394 shares at $111.45 per share, reducing his stake to 17,147 shares.”
“Mining shares led by Newmont plunge alongside precious metals as rate cut hopes fade.”
“Shares of the world's largest gold miner, Newmont Corporation(NYSE: NEM), sank 13.5% this week and have dropped over 25% since the Iran war.”
“Right now, the metals and mining sector is caught between high interest rates, surging energy costs, a stronger dollar, and fears of an economic slowdown, all of which are weighing on metal prices and testing the resilience of even the most established miners.”
“Recoveries were also seen in such stocks as Freeport McMoRan, Newmont Corp., Hecla Mining and Coeur Mining. The recovery started as Israeli Prime Minister Benjamin Netanyahu told a news conference that Iran could no longer enrich uranium or manufacture ballistic missiles.”
“Mining stocks added to this week’s sell-off on Thursday, as gold and silver prices fell to 6-week lows and copper prices dropped to a 3-month low. Anglogold Ashanti Ltd (AU) closed down more than -7%, and Newmont Mining (NEM) closed down more than -7% to lead losers in the S&P 500.”
“Newmont (NYSE:NEM) is drawing attention not only for its core mines but also for its exploration exposure through partners.”
“These updates highlight exploration progress in projects where Newmont participates through partnerships rather than direct operatorship.”
