On November 12, Newmont Mining fell 3.22% in Pre-Market Trading to $114.61 per share, with turnover of $2.7939 million.
The move came as stronger US inflation data and hawkish Federal Reserve expectations pressured gold prices, while investor concern over margin compression from rising mining costs added to weakness across the gold-mining group.
Recent market coverage indicated gold miners had already been under pressure after hawkish Fed commentary pushed spot gold lower, and Newmont Mining had declined alongside peers including Barrick Mining Corporation and ANGLOGOLD ASHANTI PLC. Although the company previously reported adjusted EPS of $2.20 and revenue of $6.363 billion, both above expectations, near-term trading focus has shifted toward bullion volatility, higher all-in sustaining costs, and a softer production outlook. A latest analyst target-price change raised the stock's target to $115 from $112, still below the broader analyst mean target of $137.64.
(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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