On September 10, Newmont Mining fell 3.07% in pre-market trading, trading at $124.74/share, with turnover of approximately $40.69 million. The decline came amid a broad retreat across the gold sector, compounded by Bernstein lowering its price target on the stock.

Bernstein adjusted its price target on Newmont Mining to $144 from $147 while maintaining its Outperform rating. Although the cut was modest, it added selling pressure against the backdrop of sector-wide weakness. The current FactSet consensus average target price stands at $135.50 with an overall Overweight rating. Other recent analyst actions have been more constructive — Raymond James raised its target to $140 from $131, and Bank of America lifted its target to $145 from $135.

Within the Gold sector, the pullback was broad-based. Among individual stocks, Coeur Mining fell 4.14%, Pan American Silver fell 4.01%, Barrick Mining fell 2.89%, Agnico Eagle Mines fell 2.50%, and Franco-Nevada fell 2.26%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)