Newmont Stock Plunges 5.09% Amid Downgrade, Portfolio Shift

Generated by AI AgentAinvest Movers Radar
Monday, May 12, 2025 4:47 am ET1min read

On May 12, 2025, Newmont's stock experienced a significant drop of 5.09% in pre-market trading, indicating a notable shift in investor sentiment towards the gold mining giant.

Analysts at Seeking Alpha have downgraded their rating for

, suggesting that investors should temper their optimism regarding the company's prospects. This move comes amidst a broader market sentiment that has seen a decrease in enthusiasm for gold mining stocks.

Newmont recently reported a reduction in its holdings of common shares in Discovery Silver Corp, which could be seen as a strategic move to reallocate resources or adjust its investment portfolio. This development may have contributed to the recent decline in investor confidence.

Despite the recent setbacks, Newmont's stock could still benefit from broader market trends. The gold price has shown signs of recovery, which could provide a boost to gold mining shares, including Newmont, in the coming days. Investors will be closely monitoring these developments to gauge the potential for a rebound in the stock's performance.

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