Newmont's 0.34% Drop in 263rd-Traffic Volume Amid 63% YTD Surge as Gold Rally Fuels Miner Momentum

On July 31, 2025, Newmont (NEM) closed down 0.34% with a trading volume of $0.54 billion, ranking 263rd in market activity. The miner’s performance reflects broader sector dynamics amid gold price fluctuations and analyst expectations.

Gold prices have surged 25% year-to-date, reaching $3,280 per ounce, driving momentum in gold-related equities. Newmont’s shares have risen 63% in 2025, outpacing the All Ordinaries Index’s 6.5% gain. Analysts highlight the company’s strong quarterly results, including $1.43 in earnings per share and $5.32 billion in revenue, both exceeding consensus forecasts. A $0.25 dividend, payable September 29, maintains a 1.60% yield with a conservative payout ratio of 17.95%.

Brokerage sentiment remains cautiously optimistic. Nineteen firms assigned a “Moderate Buy” rating, averaging a $64.58 price target. However, rising all-in sustaining costs and production challenges at peers underscore sector-wide risks. Macquarie Group noted Sanbrado’s 6% output shortfall and elevated capital expenditures, though it maintained a bullish stance on Newmont’s long-term potential.

A volume-based trading strategy returned 166.71% from 2022 to July 30, 2025, far outperforming the 29.18% benchmark. High-liquidity stocks, including Newmont, capitalized on momentum-driven shifts, with excess returns attributed to timely execution and market structure dynamics. The approach’s success underscores liquidity’s role in capturing short-term price movements.