--- title: "Weekly Recap | Newmont +0.09%, lifting Solitario stake to 9.4%" type: "News" locale: "en" url: "https://longbridge.com/en/news/298100884.md" description: "Newmont (NEM) edged up 0.09% on the week to close at $128.09, matching the S&P 500’s 0.09% gain. The share moved lower before rebounding: Monday (31 Aug) opened at $127.45 and closed at $126.06; Tuesday (1 Sep) dropped to the weekly low of $121.55 and settled at $122.63; Wednesday (2 Sep) recovered to $125.16; Thursday (3 Sep) surged to the weekly high of $130.71 and closed at $130.43, marking the strongest session of the week; Friday (4 Sep) gave back some gains to close at $128.09." datetime: "2026-09-05T07:40:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298100884.md) - [en](https://longbridge.com/en/news/298100884.md) - [zh-HK](https://longbridge.com/zh-HK/news/298100884.md) generator: "portal-rs" --- # Weekly Recap | Newmont +0.09%, lifting Solitario stake to 9.4% ## The Week Newmont (NEM) edged up 0.09% on the week to close at $128.09, matching the S&P 500’s 0.09% gain. The share moved lower before rebounding: Monday (31 Aug) opened at $127.45 and closed at $126.06; Tuesday (1 Sep) dropped to the weekly low of $121.55 and settled at $122.63; Wednesday (2 Sep) recovered to $125.16; Thursday (3 Sep) surged to the weekly high of $130.71 and closed at $130.43, marking the strongest session of the week; Friday (4 Sep) gave back some gains to close at $128.09. The weekly amplitude was 7.19%, and average daily volume of 8.91m shares ran about 14.28% above its recent median, pointing to a busier stretch of trading. ## Key Events The week revolved around gold price swings and Newmont’s increased stake in Solitario Resources. On Tuesday (1 Sep) gold slipped, pressuring Newmont, which fell as much as 3.14% in pre-market trading. Wednesday (2 Sep) saw bullion edge higher, lifting gold miners broadly; Newmont closed up 3.33%. Thursday (3 Sep) brought the main company-specific development: Newmont boosted its Solitario stake to 8,894,911 shares, roughly 9.4% of the company, a move read as a further push into gold assets. The same day, a softer US dollar and lower Treasury yields supported gold miners ahead of the payrolls report, with Newmont up 3.03% pre-market and 3.58% at the close. Friday (4 Sep) saw rate-hike bets build, bullion slip and miners retreat; Newmont fell as much as 3.60% pre-market. On the insider front, CEO Natascha Viljoen sold 3,882 common shares for about $477,000, and director Peter Beaven filed an initial beneficial ownership statement. Four material filings arrived on 4 Sep, largely routine corporate disclosures. ## Analyst Ratings Twenty-three institutions covered Newmont this week: 15 rate it buy, 5 rate it overweight, 2 rate it hold, and 1 rates it sell. The consensus rating is buy, with a consensus target of $132.87, roughly 3.73% above the closing price of $128.09. The spread of individual targets is wide, from a low of $67.00 to a high of $170.00, signalling clear disagreement over the longer-term gold price path and cost curve. Newmont ranks 2nd out of 49 gold-sector peers on analyst rating, placing it near the top of the industry. ## The Week Ahead US macro data will shape the near-term direction for gold and gold miners. On Tuesday (8 Sep), the NFIB small-business optimism index lands with a prior reading of 99.8. Thursday (10 Sep) is the heavy day: 10-year Treasury auction results, initial jobless claims (prior 206, consensus 205), final-demand PPI (prior 0.0% m/m, consensus 0.4%), and existing-home sales (prior 4.06m, consensus 3.99m). These releases will feed into rate-path pricing, which in turn tends to move Newmont. On the company side, any follow-up disclosure or strategic signal from the increased Solitario stake is worth watching. ## In Short Newmont swung between $121.55 and $130.71 this week and finished with a 0.09% gain, in line with the broader market. Analysts lean constructive: the consensus rating is buy and the consensus target of $132.87 sits about 3.73% above spot, with Newmont ranked 2nd in its gold peer group. The caveat is dispersion, with targets spanning more than $100 between the low and high ends. On the valuation side, the stock trades at roughly 16.09x P/E and 3.92x P/B. The latest trading day’s flows showed net buying across large, medium and small lots, with small-lot buying the largest. What matters next is how macro data reshapes rate expectations and whether gold can regain momentum at current levels. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [NEM.US](https://longbridge.com/en/quote/NEM.US.md) ## Related News & Research - [Newmont Q2 net income drops 33% to $2.2 billion vs Q1; adjusted EBITDA falls 27% to $3.76 billion](https://longbridge.com/en/news/293663202.md) - [What Is Going On With BlackBerry Stock Ahead Of Earnings?](https://longbridge.com/en/news/299790881.md) - [ANALYSIS-Big to get bigger: India's UPI fee shift to entrench dominant incumbents](https://longbridge.com/en/news/299727281.md) - [Viking Therapeutics' obesity drug shows durable weight-loss benefit, shares jump](https://longbridge.com/en/news/299757599.md) - [Micron's (MU) AI Boom Could Outlast the Memory Cycle](https://longbridge.com/en/news/299769666.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**