On September 3, Newmont Mining rose 3.05% in regular trading, trading at $128.6/share, with turnover of approximately $210 million. The gain was driven by a broader gold mining sector rebound, continuing to recover from a sharp selloff triggered by hawkish Federal Reserve signals.

On the news front, Fed Chair Waller previously warned at the Jackson Hole symposium that rate hikes may be necessary if underlying inflation does not continue to decline. This sent spot gold tumbling to $4,455/oz and the gold mining stock index down 4.6% in a single session. Following two consecutive trading days of recovery, bullish sentiment in the sector has gradually returned, with gold and silver stocks broadly rallying — Harmony Gold rose 5% and Gold Fields climbed approximately 5.57%.

Separately, asset manager Schroders upgraded its gold rating to positive, citing structural demand from central banks and Asian buyers as long-term pillars, arguing that the investment case for gold is increasingly decoupling from interest rate dynamics. Multiple investment banks have recently raised their price targets on Newmont Mining, with Bank of America lifting its target to $145 and Raymond James setting its target at $140, both maintaining positive ratings.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)