Newmont Corporation (NEM) Stock Price & Analysis
Market: NYSE • Sector: Basic Materials • Industry: Gold
Newmont Corporation (NEM) Profile & Business Summary
Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of December 31, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado.
Key Information
| Ticker | NEM |
|---|---|
| Exchange | NYSE |
| Official Site | https://www.newmont.com |
Market Trend Overview for NEM
One model, two time views: what the market looks like right now, and where the larger trend is heading over time.
SRE (WhaleQuant Structural Regime Engine) SRE evaluates how price structure evolves across daily and weekly timeframes to define the prevailing market regime. Beyond identifying trends, consolidations, and exhaustion phases, it distinguishes between raw structural strength and deployable participation quality. The model dynamically adjusts for structural context and extension risk, assessing whether conditions are supportive, stretched, fragile, or structurally impaired. Its purpose is not to forecast precise price levels, but to determine whether risk deployment is aligned with underlying market structure.
Longer-Term Market Trend (Mid to Long Term)
Shows the bigger market trend, how strong it is, and where risks may start to build over the next few weeks or months. — Updated as of 2026-07-14 (ET)
As of 2026-07-14, NEM is moving sideways without a clear direction. Over the longer term, the trend remains bullish.
NEM last closed at 94.75. The price is about 0.7 ATR below its recent average price (98.53), and the market is currently in a sideways market without a clear direction. Price at 94.75 is moving between light support near 94.34 and minor resistance near 97.88. Direction remains unclear. View Support & Resistance from Options
The market is moving sideways, with no clear direction. Both upside and downside risks remain in play.
Trend score: 35 out of 100. Overall alignment is unclear. The market is currently in a sideways market without a clear direction. The longer-term trend is still positive, but short-term signals are not yet confirming it.
There is no clear key risk boundary right now.
On 2026-05-15, trend conditions deteriorated, suggesting that moves in the prior direction became less dependable.
[2026-07-14] Price moved quickly and looked strong, but participation was limited.Bearish signal near resistance (0.80 ATR away). Reversal risk is higher. Pattern is less clear, so strength is reduced.
Recent price movement appears increasingly driven by low-effort advances. Such hollow progression often reflects reduced participation and lower reliability of continuation.
There was no clear sign of meaningful positions being carried into the overnight session.
The model stays neutral because the setup is not clear enough to justify a directional deployment.
The model does not deploy this setup because predictability is still too low, internal signals are not aligned strongly enough, and price is still close to a gamma transition zone. Predictability is 15%, agreement is 0%, and reversal risk is 25%.
NOTE: This next-day up/down probability forecast module is still being tested for accuracy. Please do not rely on it for investment decisions. The model does not account for black swan events or company-specific fundamental news, and its estimates are based solely on technical conditions, capital flow, and market sentiment. View forecast history
This reading is based on the last 20 trading days of 15-minute price, volume, and VWAP data. Price is modestly below the recent estimated cost basis of 96.43, so the recent structure is still leaning somewhat under pressure. Price is in the lower half of the main cost band (94.20 to 95.49), so price support and pullback behavior matter more than immediate upside follow-through. The broader structure looks relatively compressed, so nearby cost clusters may matter more than usual. The next lower support area sits around 92.80 to 93.98. It looks more like a first buffer than a major floor. The higher up selling area sits around 96.03 to 97.21, so rebounds may begin to slow as price pushes into that zone. Recent positioning looks fairly balanced, with 41% in profit and 59% under water. Recent trading is fairly concentrated, so the nearby heavy zones may matter more than usual. The main cost band is fairly wide relative to recent ATR, so this structure may behave less cleanly than a tighter setup. From a trading point of view, the structure is still best read by comparing price with the main cost band first, then watching whether the lower support zone or higher supply zone becomes the next directional checkpoint.