NEW YORK, December 30, 2025, 23:23 ET — Market closed
- Newmont ended up about 2% on Tuesday, recovering some ground after Monday’s metals-driven selloff.
- Gold and silver rebounded as traders adjusted to higher futures margin requirements and parsed Fed minutes.
- Raymond James lifted its Newmont price target to $111 while keeping an Outperform rating.
Newmont Corporation shares closed up 2.1% at $101.86 on Tuesday, snapping back as gold prices recovered from a sharp early-week slide. The stock traded between $100.31 and $102.70 during the session.
The rebound came after the CME said new performance bond (margin) requirements for metals futures would take effect after the close of business on Dec. 29 — a change that can force leveraged traders to cut positions. Investors also digested minutes from the Federal Reserve’s Dec. 9–10 meeting, released Tuesday, that highlighted divisions after officials voted to lower rates to a 3.5%-3.75% range.
That matters for Newmont because miners’ cash flow can swing with bullion prices, while thin year-end liquidity can amplify day-to-day moves. Traders have also been watching whether safe-haven buying can offset profit-taking after a powerful run in precious metals.
Spot gold rose 0.8% to $4,364.70 an ounce by mid-afternoon, while U.S. gold futures settled 1% higher at $4,386.30, according to Reuters. “We saw very extreme volatility yesterday … but things have stabilised somewhat today,” said Peter Grant, vice president and senior metals strategist at Zaner Metals. Reuters noted gold is up 66% in 2025 — its steepest annual climb since 1979 — and said the Fed next meets Jan. 27–28, with investors expecting rates to be left unchanged. Reuters
Monday’s move showed how quickly that trade can reverse. Gold futures fell more than 4% to about $4,350 by 4 p.m. ET after the exchange raised margin requirements, and Newmont was the worst-performing stock in the S&P 500, with shares down nearly 6%, Investopedia reported.
Analyst support also helped stabilize sentiment. Raymond James lifted its Newmont price target to $111 from $99 and maintained an Outperform rating, according to a note carried by MT Newswires.
Peers moved in the same direction as bullion steadied. Agnico Eagle Mines rose about 0.3% and AngloGold Ashanti gained about 1.7% in U.S. trading, based on end-of-day moves.
Mining stocks often amplify bullion’s swings because many operating costs are relatively fixed in the short run, so changes in realized gold prices can have an outsized impact on margins. That leverage works both ways in fast markets.
What traders are watching next is whether gold can hold recent gains without another bout of forced deleveraging and whether rate expectations keep shifting as investors weigh the Fed’s next steps. Another leg higher in yields or the dollar would typically be a headwind for gold-sensitive equities.
Before the next session, investors are heading into the year-end trading day with a holiday break close behind. The NYSE calendar shows U.S. equity markets will be closed on Thursday, Jan. 1, 2026, for New Year’s Day.
On the chart, the $100 area is the first line traders are watching after this week’s whipsaw, with the stock finishing back above $101. A push through the recent intraday highs would be needed to restore momentum after Monday’s drop.
The next major company catalyst is results. Nasdaq’s earnings calendar lists Newmont as estimated to report around Feb. 19, 2026; investors will be focused on any updates to production and cost expectations and how management frames 2026 capital returns against bullion volatility.
