New York, March 2, 2026, 15:35 EST — Regular session
- Newmont shares fall about 0.9% in afternoon trade after an early slide
- A company officer filed a Form 144 notice for a potential share sale under Rule 144
- Traders also track the latest jump in bullion and Friday’s U.S. jobs report
Newmont Corporation shares were down about 0.9% at $128.81 on Monday afternoon, giving back part of last week’s run even as bullion held firmer.
The move matters because gold-linked equities have turned jumpy again, with investors trying to weigh a safety bid for bullion against a stronger dollar and rising energy costs. Newmont opened at $131.14 and traded as low as $126.64 before steadying.
Spot gold was up 0.4% at $5,297.31 an ounce by 1831 GMT after rising more than 2% earlier, Reuters reported, as worries about a prolonged Middle East conflict pushed some investors toward havens. “I think it’s that uncertainty that is more than likely to support prices,” said David Meger, director of metals trading at High Ridge Futures. 1
Newmont also saw a fresh insider-related filing. A Form 144 posted on Monday showed officer David John Thornton gave notice of a proposed sale of 944 common shares, with aggregate market value listed at about $123,796, and cited a Rule 10b5-1 trading plan adopted on Dec. 1, 2025. (A Form 144 is a notice tied to Rule 144 sales; a 10b5-1 plan is a pre-arranged trading plan.) 2
Wall Street research has stayed supportive in recent sessions. Jefferies raised its price target on Newmont to $162 from $158 and maintained a “buy” rating, according to a note carried by MT Newswires. 3
Income-focused buyers are also watching the calendar. Newmont declared a quarterly dividend of $0.26 per share payable March 26 to shareholders of record as of March 3, the company said last month. 4
The broader tape has not been calm. Oil, the dollar and Treasury yields moved higher as the Middle East conflict unsettled markets, a mix that can complicate the read-through from a rising gold price to mining shares. 5
But the setup cuts both ways. If the dollar keeps climbing on risk-off flows, bullion priced in dollars can lose momentum, and miners can quickly start trading like ordinary stocks again, not “gold proxies.” 6
For Newmont, the next near-term markers are mechanical and macro: the March 3 record date for the dividend and Friday’s U.S. employment report, which can swing rate and dollar expectations that feed straight into gold pricing. 7
