Benzinga · Oct 23, 2026
Why Is Newmont Stock Falling Friday?
Why is Newmont stock down premarket despite beating Q3 earnings estimates? Get the latest on NEM's outlook and costs.

NASDAQ · B
Basic Materials · Gold
$38.14
Down-$0.51 (-1.32%)
Updated Oct 25, 2026, 5:40 PM
SID Score
6.9/10
Composite research score
Smart Money
58/100
Neutral
Price performance · B
1M range · 20 trading sessions · Daily adjusted prices
Prices through Oct 23, 2026
B closed at $38.14 after 20 trading sessions, down 7.18% for the selected period.
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 23, 2026 | $38.34 | $38.59 | $37.40 | $38.14 | 6.87M |
| Oct 22, 2026 | $39.35 | $39.545 | $38.2399 | $38.65 | 8.85M |
| Oct 21, 2026 | $40.82 | $40.90 | $40.235 | $40.76 | 5.01M |
| Oct 20, 2026 | $39.805 | $41.23 | $39.6732 | $40.43 | 4.97M |
| Oct 19, 2026 | $40.535 | $40.92 | $40.23 | $40.44 | 4.5M |
| Oct 16, 2026 | $40.35 | $41.34 | $40.14 | $40.82 | 7.13M |
| Oct 15, 2026 | $39.38 | $40.64 | $39.1901 | $40.55 | 6.67M |
| Oct 14, 2026 | $39.60 | $39.79 | $38.36 | $38.89 | 7.92M |
| Oct 13, 2026 | $41.09 | $41.20 | $40.115 | $40.52 | 5.49M |
| Oct 12, 2026 | $40.68 | $40.98 | $40.59 | $40.83 | 2.88M |
| Oct 9, 2026 | $40.70 | $41.26 | $40.57 | $41.06 | 6.95M |
| Oct 8, 2026 | $38.98 | $40.00 | $38.90 | $39.99 | 7.07M |
| Oct 7, 2026 | $39.53 | $39.715 | $39.09 | $39.18 | 8.46M |
| Oct 6, 2026 | $40.25 | $41.065 | $39.74 | $40.72 | 7.83M |
| Oct 5, 2026 | $40.22 | $40.28 | $39.405 | $40.00 | 7.35M |
| Oct 2, 2026 | $40.65 | $40.725 | $39.725 | $40.23 | 7.82M |
| Oct 1, 2026 | $40.65 | $40.725 | $39.95 | $40.10 | 9.45M |
| Sep 30, 2026 | $41.54 | $41.54 | $40.645 | $40.67 | 6.63M |
| Sep 29, 2026 | $41.215 | $41.47 | $40.685 | $41.24 | 8.42M |
| Sep 28, 2026 | $40.89 | $41.72 | $40.60 | $41.09 | 9.86M |
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Company
Market Activity
Research & News
B research
Company profile and research snapshot.
Based in Toronto, Barrick is one of the world's largest gold miners. In 2024, the firm produced nearly 3.9 million attributable ounces of gold and about 195,000 metric tons of copper. At end-2024, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure, driven by the expansion of its Lumwana mine in Zambia and the development of its Reko Diq copper and gold project in Pakistan.
Visit company websiteConsensus and target data currently published for this company.
| Date | Firm | Rating | Target |
|---|---|---|---|
| Sep 18, 2026 | TD COWEN | Buy | — |
| Aug 24, 2026 | CANACCORD GENUITY | Buy | — |
| Aug 18, 2026 | ARC INDEPENDENT RESEARCH | Buy | — |
| Aug 11, 2026 | VERITAS INVESTMENT RESEARCH | Buy | — |
| Aug 11, 2026 | CIBC CAPITAL MARKETS | Outperform | — |
Generated Oct 25, 2026, 3:10 PM
Barrick Gold Corporation shares fell 1.32% today as part of a broader selloff in gold mining majors following a significant analyst downgrade. Freedom Broker cut its rating on the company to Hold and slashed its price target to $46, triggering losses across the precious metals mining sector.
Bottom line: Barrick's decline today is part of a coordinated analyst downgrade affecting the entire gold mining sector rather than company-specific bad news. While the $46 price target cut and downgrade to Hold present near-term headwinds, investors should assess whether the underlying gold fundamentals and Barrick's operational strength remain intact, as sector sentiment can shift quickly if precious metals prices stabilize.
Benzinga · Oct 23, 2026
Why is Newmont stock down premarket despite beating Q3 earnings estimates? Get the latest on NEM's outlook and costs.
Yahoo · Oct 22, 2026
Key TakeawaysBarrick shares fell 5. 7% today after Freedom Broker cut the stock to Hold from Buy and lowered its price target to $46 from $54.
Yahoo · Oct 22, 2026
Investing.com -- Mining equities tumbled on Thursday after Freedom Broker issued a sweeping set of downgrades across North America’s top gold producers, citing trimmed near-term EBITDA forecasts, lingering operational risks, and valuation constraints. The analyst actions took a toll on market sentiment, sending shares of Agnico Eagle Mines Limited (NYSE:AEM) down 5.2%, Barrick Mining Corp (NYSE:B) lower by 5.1%, and Newmont Corporation (NYSE:NEM) down 4.1% during morning trading.
Yahoo · Oct 21, 2026
Barrick Mining's shares are down more than 6% this year, but all signs point to growth for the tier 1 gold mining company.
Interpretive context generated from the platform’s current data sources.
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