Newmont Corporation's Stock Rises Amid Market Volatility
On September 17, 2026, Newmont Corporation (NYSE: NEM) stock rose by 2.8% as investors reacted to a shift in market sentiment following the U.S. Federal Reserve’s interest rate hike on Wednesday. The Fed raised its target rate for the first time in three years, pushing it into a new range of 3.75%-4%. This led to an initial sell-off in gold prices and mining stocks like Newmont but reversed as gold rebounded by nearly $100 per ounce. The article explains that higher interest rates typically make bonds more attractive than non-yielding assets like gold, which initially caused a drop in the price of gold. However, market sentiment shifted overnight, leading to gains for both gold and related stocks such as Newmont. Analysts suggest while long-term trends may still favor falling gold prices due to continued rate hikes, short-term volatility offers buying opportunities. Newmont stock is currently trading at 15.7 times trailing earnings with a projected annual growth in earnings of nearly 15% over the next five years and a dividend yield of 0.9%. The article concludes that while Newmont may be undervalued, it's not yet considered an ideal buy by Motley Fool analysts.
Tickers: $NEM
Topics: Fed_policy gold interest_rates Newmont stock