Why Newmont Corporation Stock Crashed Today

Core Viewpoint - Newmont Mining's stock experienced a significant decline of 6.9% due to a reversal in precious metals trading, despite a strong year for silver investors [1][3]. Group 1: Market Performance - Silver prices reached an all-time high above $80 per ounce but fell sharply to around $70.25, with a current price of $71.32, reflecting a 7.6% decrease [1][3]. - Gold prices also declined by 4.3%, currently priced at $4,354.20 [1]. Group 2: Investment Insights - The year 2025 has been exceptionally profitable for silver investors, with prices tripling from approximately $20 per ounce at the start of the year [3]. - The decline in silver and gold prices appears to be driven by profit-taking from investors rather than fundamental market changes [4]. - Newmont's stock, despite the current drop, has increased by 185% year-to-date and is trading at a price-to-earnings ratio of 16, with a modest dividend yield of 1% [5]. Group 3: Analyst Ratings - Raymond James has raised its price target for Newmont to $111, maintaining an "outperform" rating based on updated forecasts for Q4 gold prices [4]. - The Motley Fool Stock Advisor has identified other stocks as better investment opportunities than Newmont, suggesting caution for potential investors [6][7].