On May 28, Newmont Mining fell 3.07% in regular trading, trading at $104.28/share, with trading volume of $64.29 million, extending the prior session's decline.
On the news front, Jefferies recently lowered its target price on Newmont from $165 to $154, a 6.7% reduction, while maintaining a buy rating. The downward revision reflects institutional expectations converging on near-term valuation. According to FactSet data, analysts' average target price for Newmont stands at $146.62. Additionally, the options market has flashed notable bearish signals, with nearly 100,000 contracts traded in a single day involving approximately $500 million in premiums, skewing bearish overall, as multiple multi-million-dollar call options were sold.
Within the Gold sector, stocks declined broadly. Barrick Mining Corporation fell 1.65%, Agnico Eagle Mines fell 1.66%, Coeur Mining fell 2.72%, Gold Fields fell 2.53%, and Kinross fell 1.58%. Newmont's decline outpaced the sector, suggesting the target price cut exerted additional stock-specific pressure.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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