Newmont Corporation (NEM)

Newmont's stock has experienced significant positive movement in the past six months. As of January 8, 2026, the share price was $106.89, a substantial increase from $39.10 on January 10, 2025. Over the past three months, NEM shares have increased by 26.2%, driven by a surge in gold prices due to geopolitical tensions and expected interest rate cuts. The company's earnings performance, operational efficiency, and strong portfolio have also contributed to this rally. Newmont's stock has outperformed the Zacks Mining – Gold industry and the S&P 500 over the same period. Technical indicators show bullish momentum, with the stock trading above its 200-day and 50-day simple moving averages, and a "golden crossover" occurred on April 16, 2025. In October 2025, Newmont achieved commercial production at its Ahafo North project, following the first gold pour in September 2025, which is expected to boost annual gold production. However, the company did see lower gold production in the third quarter of 2025, partly due to strategic divestment of non-core assets, reduced grades, and planned shutdowns.

Demand for Newmont's primary product, gold, exhibits seasonal patterns influenced by cultural events and holiday seasons. Gold prices tend to experience stronger performance in the latter half of the year, particularly from August through October, and again in January, driven by increased physical gold demand during the Indian wedding season, Chinese New Year, and Western holiday jewelry demand. Gold often experiences a consolidation phase during the spring and summer months, which can be a strategic entry point for investors. Gold mining stocks, like Newmont, tend to amplify these seasonal patterns.

Newmont Corporation is a leading global gold producer and explorer based in Denver, Colorado, operating in the Metals and Mining industry. Besides gold, Newmont explores and produces other metals, including copper, silver, zinc, and lead. It is the world's largest gold mining corporation and the only gold producer listed in the S&P 500 Index.

Newmont has a broad global geographic footprint with operations in North America, South America, Australia, and Africa, including countries such as the United States, Canada, Mexico, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, Ghana, and the Dominican Republic. The company also holds a partial ownership interest in Nevada Gold Mines in Nevada, with Barrick Mining being the majority owner and operator.

Newmont Corporation is recognized for its principled environmental, social, and governance (ESG) practices and has led the mining sector on the Dow Jones Sustainability Index for nine consecutive years. In May 2025, Newmont published its 2024 Sustainability Report and its 2024 Taxes & Royalties Contribution Report, highlighting its ESG performance and fiscal transparency. Key achievements in 2024 included spending $2.6 billion with local suppliers, women representing 33% of senior leadership and 50% of the Executive Leadership Team, earning The Copper Mark and The Molybdenum Mark certifications for responsible mining practices at Cadia, and reclaiming 192 hectares of land. The company also conducted a comprehensive safety systems review following the tragic loss of five colleagues within a 12-month period, committing to an "always safe" approach for 2025 and beyond.

Newmont Corporation's ownership is predominantly institutional, with institutional investors holding a significant portion of the company's stock, ranging from over 50% to as high as 78%. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., and State Street Corp, Van Eck Associates Corp, Geode Capital Management, Llc, and Fmr Llc. Individual investors and public companies also hold a portion of the stock. Insiders own approximately 0.05% of the company's stock.