On October 9, Newmont Mining rose 3.02% in regular trading, trading at $118.83/share, with turnover of $61.69 million. The movement was driven by a stabilization in gold prices following recent profit-taking, alongside continued positive signals from investment banks.

Jefferies lifted its price target on Newmont Mining to $155 from $146, while RBC Capital, Macquarie, and BMO Capital had also recently raised their targets, with institutions broadly maintaining constructive ratings. The stock had pulled back earlier in the week as spot gold retreated after breaking above $4,370, but sentiment in the gold mining sector has since recovered, supporting a rebound in major producers like Newmont Mining.

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