New York, Jan 27, 2026, 13:15 (EST) — Regular session
- Newmont shares slip in early afternoon following a volatile trading range
- Gold stays above $5,000, keeping mining stocks in focus as the Fed gathers
- Scotiabank raises its price target for Newmont ahead of the February 19 earnings report
Newmont Corp shares dipped roughly 0.3% to $125.55 in early afternoon trading Tuesday, having fluctuated between $121.56 and $127.55. Trading volume hit around 5.7 million shares.
The stock has tracked gold closely, which remains near record highs, drawing more capital into mining stocks. For Newmont, a rise in bullion usually boosts margins — though it also means quicker, steeper pullbacks when prices dip.
The Federal Reserve is the key focus now. Since gold doesn’t yield interest, it reacts sharply to U.S. rate moves—a “higher for longer” stance can quickly drain demand.
Spot gold climbed 1.5% to $5,090.94 an ounce by 11:35 a.m. EST, after hitting a new high of $5,110.50 on Monday, according to Reuters. Michael Widmer, commodities strategist at Bank of America, noted, “Rallies normally end because the drivers…dissipate — and that’s just not the case.” Reuters
Shares in gold miners surged Monday as bullion soared to $5,100 an ounce, with Newmont climbing roughly 3% that day, according to Reuters. Fawad Razaqzada, a market analyst at City Index, noted it’s “difficult to see what really forces this market to roll over,” except for profit-taking. Reuters
Analyst moves stirred the pot. Scotiabank bumped its price target on Newmont up to $152 from $114, maintaining an Outperform rating, TheFly reports. A price target reflects an analyst’s forecast of a stock’s potential price over the coming year.
Gold’s rally reflects a flight to safety as investors brace for tariff tensions and mounting fears over U.S. budget deadlock. Both gold and silver soared to new highs, boosting mining stocks across the board.
The downside is clear. Should the Fed resist rate-cut bets, the dollar could strengthen, dragging gold prices down and hitting miners. Even when the market is strong, gold stocks remain vulnerable to the typical operational hiccups and cost shocks.
The immediate focus is on the Fed’s upcoming decision set for Wednesday, Jan. 28, followed by Chair Jerome Powell’s press conference after the two-day meeting starting Tuesday, per the central bank’s calendar.
Newmont is set to report its fourth-quarter and full-year 2025 results on Feb. 19, after U.S. markets close. The company also scheduled a conference call for 5:30 p.m. EST that day, it announced.
