Newmont Corporation Stock (NEM) Moved Down by 4.14% on Mar 13: Facts Behind the Movement

TradingKey
2026.03.13 15:17
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Newmont Corporation (NEM) saw a 4.14% decline in stock price, influenced by macroeconomic factors and company-specific concerns. The price of gold is under pressure due to a stronger US dollar and reduced demand as a safe-haven asset. Expectations of limited Federal Reserve interest rate cuts further diminish gold's appeal. Additionally, Newmont anticipates a nearly 10% decrease in gold production for 2026 and rising all-in sustaining costs, raising concerns about profitability. Recent insider share sales and increased short interest reflect bearish sentiment among investors.