Newmont shares rise 5.83% after hours as gold prices rebound and Fed rate cut expectations lift investor sentiment.

Newmont Corporation (NEM) surged 5.83% in after-hours trading, driven by a rebound in gold prices and renewed optimism over Federal Reserve rate-cut expectations, which typically boost gold’s appeal. Analysts highlighted undervaluation amid strong cash flow and shareholder returns, while Macquarie upgraded its price target to $126 from $114.21. The stock’s rise also coincided with positive sentiment around Newmont’s operational progress, including Ahafo North production and Newcrest integration, despite prior volatility linked to earnings anticipation on February 19. Rising gold prices (up 2.03%) and broader market optimism for rate cuts amplified investor confidence, positioning NEM as a beneficiary of favorable macroeconomic conditions and strategic execution.