Newmont Shares Rally over 6% as Gold Slides From $5600 to $4300
Newmont Corp, the world’s largest gold miner, saw shares gain over 6% after gold fell from record highs near $5600 to $4300 per ounce, triggering a 10% sector selloff. Shares trade at a forward P/E of 14.2 with a 0.9% dividend yield and 21.2% expected earnings growth in 2026.
1. Shares Rally as Gold Prices Fall
Following gold’s decline from near $5600 per ounce to $4300, Newmont shares climbed 6.26%, outperforming peers after the broader gold mining sector sold off by 10%.
2. Strong Valuation Metrics
Newmont trades at a forward price-to-earnings ratio of 14.2 and offers a 0.9% dividend yield, indicating a comparatively attractive valuation among large-cap gold producers.
3. Earnings Growth and Dividend Outlook
The company projects 21.2% earnings growth for 2026 and is scheduled to report fourth-quarter results on February 19, 2026, while maintaining its 0.9% dividend policy.