Newmont Slides 0.58% on 41.33% Volume Drop to 670M, 132nd in Market Activity as Analysts Cut Ranks

On September 3, 2025, Newmont (NEM) closed down 0.58% with a trading volume of $670 million, a 41.33% decline from the previous day, ranking 132nd in market activity. Analyst activity has intensified around the stock following multiple downgrades. Macquarie analyst Andrew Bowler reduced Newmont’s rating from Outperform to Neutral, setting a $72 price target. The adjustment follows a 35% rally in NEM shares over three months, outperforming peers, which Macquarie views as fulfilling its investment thesis. Meanwhile, institutional ownership remains strong at 68.85%, but short interest has risen 9.25% month-on-month, signaling growing bearish sentiment.

Newmont’s recent performance reflects strategic cost-cutting initiatives, including a $300-per-ounce reduction target, and its $17 billion acquisition of Newcrest Mining. Earnings estimates have risen 7.3% over 30 days, with the current fiscal year consensus at $5.30 per share, a 52.3% annual increase. Analysts project 10.14% earnings growth for the next year, though the P/E ratio of 13.54 remains significantly lower than both the market average and sector peers. Despite a 12.8% monthly gain outperforming the S&P 500 and gold mining industry, the Zacks Rank of #3 (Hold) suggests a neutral near-term outlook.

Backtesting data confirms Newmont’s recent momentum: the stock surged 17.5% in the past month, exceeding the Basic Materials sector’s 4.61% and S&P 500’s 1.91%. However, a 1.92% short float and a PEG ratio of 0.88 highlight valuation debates. Institutional confidence contrasts with insider selling activity, as executives sold $1.1 million in shares over three months. With a dividend yield of 1.34% and a sustainable payout ratio of 17.95%, Newmont maintains moderate income appeal despite mixed technical indicators.