NEW YORK, December 30, 2025, 12:32 ET — Regular session
Newmont Corp shares rose about 2.2% to $102.00 in midday trading on Tuesday.
The gain puts the world’s largest listed gold miner back in sync with bullion after an abrupt bout of profit-taking jolted metals markets this week. The timing matters because investors are repositioning into year-end, and gold has become a crowded macro trade tied to rate expectations and geopolitical risk.
Newmont fell 5.6% on Monday as precious metals sold off sharply, leaving the stock primed to swing with any bounce in gold.
Spot gold rose 0.9% to $4,369.59 an ounce at 11:29 a.m. ET, a day after marking its biggest daily percentage loss since Oct. 21 as prices retreated from Friday’s record $4,549.71. U.S. gold futures gained 1%, with investors turning to the Federal Reserve’s December meeting minutes due at 2 p.m. ET. “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
Raymond James raised its price target on Newmont to $111 from $99 and kept an Outperform rating after updating its fourth-quarter gold price forecasts, TipRanks’ TheFly reported. A price target is an analyst’s estimate of where a stock may trade, while “Outperform” signals expected returns above peers. TipRanks
Gold-linked equities broadly firmed alongside Newmont. Agnico Eagle Mines rose about 1.1% and Hecla Mining added about 2.8% in the same session.
Mining shares often move more than the metal because profits can be highly sensitive to the gold price. Costs such as labor, power and equipment do not adjust as quickly as revenue when bullion swings, amplifying day-to-day moves in miners.
For traders, the next test is whether gold’s rebound holds through the U.S. afternoon, when volumes can thin further. A rise in bond yields or the U.S. dollar typically pressures gold because the metal pays no interest.
Investors also have a company-specific catalyst on the calendar as 2025 ends. Chief Executive Tom Palmer is set to step down on Dec. 31, with President and COO Natascha Viljoen scheduled to take over on Jan. 1, 2026, the company said.
Beyond the leadership change, the next major checkpoint is fourth-quarter results and the company’s 2026 outlook. Nasdaq’s earnings calendar lists Feb. 19 as the estimated reporting date for Newmont.
Until that update, investors are likely to treat Newmont primarily as a liquid proxy for gold. If bullion steadies, attention may shift back to operating performance and capital discipline; if volatility returns, the stock can follow gold in either direction.
