Why Newmont (NEM) Shares Are Trading Lower Today

Newmont Corporation NEM, the world's largest gold producer, saw a pullback Wednesday following favorable industry conditions and record gold prices.

Shares of gold stocks are trading lower as gold prices drop after President Trump said he has no intention of firing Fed Chair Powell and indicated the final tariff rate with China would be “substantially” lower than the current 145%. These comments could be reducing some macro uncertainty, which recently drove gold to record highs.

What To Know: Gold briefly touched $3,500 per ounce this month, driven by sticky inflation, geopolitical tensions and surging investor demand.

With gold averaging $2,862 per ounce in the first-quarter 2025 and miners enjoying all-in sustaining costs near $1,400–$1,500, Newmont could report robust margins and strong free cash flow in its upcoming earnings release.

However, the stock has slipped as investor appetite shifts toward higher-growth tech names and Bitcoin, which reclaimed $94,000 amid renewed "digital gold" enthusiasm.

The pullback could also reflect elevated expectations of late — Newmont, having completed an acquisition of Newcrest Mining in 2023, is under scrutiny to deliver on promised synergies and operational efficiency.

Read Also: Stocks Surge On China Tariff Hopes, Tesla Jumps, Gold Loses Shine: What’s Driving Markets Wednesday?

Price Action: NEM is trading lower by 2.6% to $53.11 Wednesday afternoon.

How To Buy NEM Stock

By now you're likely curious about how to participate in the market for Newmont – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Newmont, which is trading at $53.16 as of publishing time, $100 would buy you 1.88 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, NEM has a 52-week high of $58.72 and a 52-week low of $36.86.