Wall Street closes at a record for the first time since end of January
Peter Toth, Executive Vice President, Chief Sustainability & Development Officer at Newmont Corp (NYSE:NEM), sold 3,000 shares of company stock on April 1, 2026, at a price of $113.09, for a total transaction value of $339,270.
Following the transaction, Toth directly owns 52,315 shares of Newmont. The sale was executed under a pre-arranged Rule 10b5-1 trading plan established on December 17, 2025. Despite the insider sale, InvestingPro analysis suggests the stock remains undervalued, with the company earning a perfect Piotroski Score of 9, indicating strong financial health. Investors can access 15 additional InvestingPro Tips and a comprehensive Pro Research Report for deeper insights into Newmont’s investment potential.
In other recent news, Newmont Corp has been the focus of several analyst updates and market developments. JPMorgan initiated coverage of Newmont with an overweight rating, projecting a 5% production compound annual growth rate and forecasting an EBITDA margin of around 67%. Bernstein SocGen Group upgraded Newmont to Outperform, citing a bullish view on gold and the stock’s sensitivity to gold prices. In contrast, BMO Capital lowered its price target for Newmont to $140, pointing to elevated costs and a 7% decline in production year-over-year. Despite these mixed analyst perspectives, Newmont continues to be a significant player in the gold mining sector.
Additionally, the broader mining sector has faced challenges as gold prices have experienced declines. Recent robust U.S. labor data has reduced expectations for near-term Federal Reserve interest rate cuts, contributing to the dip in gold prices. This decline in gold prices is part of a broader trend, with gold dropping 6% and marking its seventh consecutive session of losses. Silver and aluminum have also seen significant price drops, falling 13% and over 8%, respectively. These market conditions present a complex environment for Newmont and other mining companies.
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