Movement Alert|Newmont Mining Falls 3.04% in Regular Trading, Gold Mining Sector Hit by Broad-Based Selloff

Market Focus09-14 21:58

On September 14, Newmont Mining fell 3.04% in regular trading, trading at $122.24 per share, with turnover of approximately $120 million. The decline occurred amid a broad pullback across the gold mining sector, with all major peers posting significant losses.

Within the Gold sector, the overall industry exhibited widespread weakness. Among individual stocks, Coeur Mining fell 4.47%, Kinross dropped 4.38%, Wheaton Precious Metals declined 3.96%, Barrick Mining lost 3.74%, and Agnico Eagle Mines slid 3.28%. The sector-wide selloff came as rising U.S. Treasury yields and real interest rates weighed on precious metals, elevating the opportunity cost of holding non-yielding assets such as gold and pressuring mining equities broadly.

Despite the near-term pullback, analyst consensus on Newmont remains constructive. FactSet data shows an average overweight rating with a mean price target of $135.50, while recent target adjustments from Raymond James ($140) and Bank of America ($145) reflect continued confidence in the company's fundamentals and cash return potential.

(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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