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Why is NEM stock moving?

Newmont Corporation · end-of-day data as of Oct 16, 2026

Newmont Corporation
NEM · $125B
$118.60+27.5%last 60 sessions · close Oct 16, 2026
$77.90$134.8652 weeks
Buy · 23 analystsPT $135.27 +14.1%
  • P/E vs own+9.8%
  • P/E vs sector-36.6%
  • Target upside+14.1%
  • Off 52w high-12.1%
  • Insiders-$3.93M
  • FCF yield+7.8%
  • Earnings in6d
  • Trendbullish
  • Sector→ -3.0%
  • RSI51
  • MA20×50Death 5d ago
  • Volume1.6x
  • Support-9.8%
  • Resistance+2.0%

The move, split

Newmont Corporation (NEM) rose 2.4% on Oct 16, 2026.

The market (SPY) fell 1.1%; Basic Materials stocks rose 0.2%. Most of the move is specific to NEM.

Market (SPY)-1.1%
Basic Materials sector+1.3%
NEM specific+2.2%

3 stories on the day (30-day average 1.4).

Market = SPY. Sector = equal-weight average of the tracked companies in the same sector, net of the market.

Context

  • News
  • Volume1.6x
  • Off 52w high-12.1%
  • Sector→ -3.0%
  • Earnings in6d

Latest news

Sentiment classified by AI from the headline (green positive, red negative). Links open the publisher.