Why Newmont Corporation Stock Dropped Again Today

MrDecoder · 2026-03-11T22:30:20+00:00

Newmont Corporation's stock fell 3.2% due to declining gold prices linked to rising inflation concerns as the CPI increased by 2.4%. While war usually boosts gold prices, inflation may lead investors to prefer interest-yielding bonds. Analysts project long-term growth for Newmont, making it a potential buy.

MrDecoder

2026-03-11 22:30:20

Abstract generation in progress

**Newmont Corporation **(NEM 4.07%) stock declined 3.2% through 11:30 a.m. ET Wednesday as gold prices took another turn for the worse. This morning, the U.S. Bureau of Labor Statistics reported the Consumer Price Index (CPI) rose 2.4% for a second straight month in February.

These two things are connected.

Image source: Getty Images.

Gold and silver and inflation

There’s war in the Mideast, and it doesn’t look likely to end soon. War is generally considered “good” for gold prices; investors view it as a safe haven in times of conflict. Gold prices soared 2.6% in the immediate aftermath of the attacks on Iran.

Problem is, war can also be inflationary, especially this particular one, which is crimping global oil supply and driving up fuel prices. Although CPI held steady (albeit steadily above the Fed’s 2% inflation target) the past two months, the worry is that when March data arrives, it will show a big increase in inflation.

Inflation can incentivize investors to sell gold (which doesn’t pay interest) and buy bonds instead (which do pay interest, and increasingly _more _interest as inflation rises). In a nutshell, this is why gold prices are down 1.2% to $5,178 per ounce today – and why silver prices are down 5.1% to $85 an ounce.

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NYSE: NEM

Newmont

Today’s Change

(-4.07%) $-4.84

Current Price

$114.06

Key Data Points

Market Cap

$129B

Day’s Range

$113.61 - $116.66

52wk Range

$42.91 - $134.88

Volume

3.5M

Avg Vol

9.7M

Gross Margin

49.78%

Dividend Yield

0.85%

What this means for Newmont stock

Newmont, of course, mines both gold and silver – and copper, lead, and zinc besides. When the company’s stock in trade goes down in price, it makes sense Newmont’s stock would also fall short term.

Longer term, investors need to recall that Newmont stock costs less than 19 times trailing earnings, and only 16 times forward earnings. Analysts see earnings continuing to climb for Newmont, with 2029 profits more than twice what Newmont earned last year.

Newmont stock looks like a buy to me.

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