Newmont Mining (NYSE: NEM) stock fell 6.9% due to a reversal in the precious metals trade. Silver hit an all-time high of $80 per ounce, dropped to $70.25, and settled at $71.32. Gold prices fell 4.3% to $4,354.20. Silver prices tripled in 2025, prompting investors to sell and lock in profits.

Investors are selling off silver and gold, causing prices to drop. Newmont stock is down despite Raymond James raising its price target to $111. The stock is up 185% this year, trading at 16 times earnings with a 1% dividend yield. There’s no need to panic or sell.

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Read more at Yahoo Finance: Why Newmont Corporation Stock Crashed Today