Newmont Mining stock price traded around $41.85 in today’s session, showing a modest rebound of 0.6% amid stronger gold futures. Analysts are eyeing the Federal Reserve’s upcoming interest rate decision as a potential catalyst for further movement. The miner remains sensitive to commodity cycles, and current technical charts suggest resistance near $43.20 with support at $40. Fundamentally, the stock has earned a Zacks Rank #1 (Strong Buy) , driven by unanimous upward revisions to earnings estimates. Current year projections have increased by 8.5%, while next year’s estimates are up 12.4%, with analysts raising their forecasts again as recently as this week. CEO Tom Palmer told investors in July that Newmont was pursuing additional measures to lower its expenses. Newmont Mining stock price is currently consolidating between $40.80 and $42.50, a range that could precede a breakout if gold futures sustain above $2,000/oz. Technical analysts advise monitoring RSI levels for overbought signals in the coming days.
