On September 10, Newmont Mining fell 3.41% in regular trading, trading at $124.47/share, with turnover of $86.563 million. The decline was driven by a combination of Bernstein's price target reduction and a broad pullback across the gold mining sector.
On the news front, Bernstein lowered its price target on Newmont Mining to $144 from $147, while maintaining its Outperform rating. Although the adjustment was modest, it amplified selling pressure amid an already weak sector backdrop. The current FactSet consensus analyst average price target stands at $135.50, with an overall Overweight rating maintained.
The gold sector saw widespread declines, with AngloGold Ashanti down 5.59%, Coeur Mining down 3.95%, Agnico Eagle Mines down 3.07%, Barrick Mining down 3.03%, and Franco-Nevada down 1.77%. The sector exhibited a broad-based selloff pattern, compounding the impact of the individual target price cut on Newmont Mining's share price.
(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.)