Newmont (NEM) Stock Forecast & Price Target

Newmont
Bear Case

Investors should be bearish about investing in Newmont Co. for these reasons:

• Insider activity has been one-sided over the past six months with reported sales and no purchases, including recent sales by CEO Natascha Viljoen and EVP Peter Toth, which may signal a lack of internal confidence or personal financial needs rather than business outlook changes.
• High Treasury yields remain a risk for the stock because they raise the opportunity cost of holding non-yielding assets like gold, potentially pressuring gold prices and, by extension, Newmont Co.'s revenue and margins.
• The stock has experienced recent volatility, including a 1.79% drop in the latest trading session to $128.09, and has seen significant price swings such as a gap down of 10.34% in March 2026, indicating sensitivity to market sentiment and external factors.
• Analyst price targets have been revised downward by several firms, such as Citigroup lowering its target from $150.00 to $125.00 and Goldman Sachs from $122.50 to $111.40, reflecting concerns about valuation or future growth prospects.
• Inflation and energy costs could pressure mining margins, as higher operational expenses may erode the profitability of Newmont Co.'s gold production despite strong revenue figures.