Movement Alert｜Newmont Mining Intraday Rise 4.02% in Regular Trading, Gold Price Strength Lifts Mining Shares

Market Focus11-09

On November 9, Newmont Mining rose 4.02% in Regular Trading, trading at $126.23/share, with turnover of $46.57 million.

The move aligned with broad strength in gold miners after international gold prices broke above $4,370 per ounce, supporting sentiment across the sector. In the same group, Royal rose 3.7%, Wheaton Precious Metals rose 4.41%, Barrick Mining Corporation rose 5.13%, Agnico Eagle Mines rose 3.65%, and Coeur Mining rose 5.46%.

Recent company-specific context was also supportive. Newmont Mining previously reported quarterly adjusted EPS of $2.20 on revenue of $6.363 billion, both above market expectations, and analysts continued to revise targets after the results, including Argus raising its price target to $123 from $110. FactSet-polled analysts had an average rating of overweight and a mean price target above current trading levels in late October.

(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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