Gold Giant Newmont Exits Toronto Stock Exchange - NYSE Listing Stays Put

Newmont Corporation drops Toronto listing—consolidates trading exclusively on the New York Stock Exchange.

Strategic Shake-Up

The world's largest gold miner streamlines operations by ditching its Canadian exchange presence. Focus shifts entirely to NYSE—where liquidity flows deeper and investor eyes stay wider.

Market Realities

Toronto’s loss is New York’s gain. One less ticker for traders to track—as if they needed another reason to ignore commodities for flashier tech plays. Gold’s glitter fades next to crypto’s promise, but hey—at least it’s real.

Final Bell

Newmont bets big on U.S. markets. Whether gold bugs or Wall Street whales bite—only time will tell. Another legacy player leans into American dominance. Because when has concentrating risk ever backfired?

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What It Means for Investors

Newmont is choosing to delist from the TSX because of low trading activity. The company expects the delisting to enhance operational efficiency and reduce costs, ultimately benefiting shareholders.

Following this move, Newmont will continue to maintain its primary listing on the New York Stock Exchange (NYSE) and support its additional listings on the Australian Securities Exchange (ASX) and the Papua New Guinea Stock Exchange (PNGX). Investors will still be able to trade Newmont shares across these exchanges using the symbol NEM.

The company does not plan to seek shareholder approval for the delisting.

What’s Happening with NEM Stock?

Year-to-date, NEM stock has gained over 100%, benefiting from the unstoppable surge in gold prices. On Wednesday, the stock climbed more than 3% after RBC Capital analyst Kaan Peker upgraded NEM from Hold to Buy and raised the price target from $66 to $95.

Peker forecasts gold prices could reach $4,000 per troy ounce by the second half of 2026, up from the current level of over $3,600. He noted that Newmont shareholders are well-positioned to benefit from this potential upside.

Earlier this year, Newmont outlined a plan to divest non-core assets and improve operations, primarily benefiting shareholders through stock buybacks. While the company is still in the early stages of this turnaround, RBC believes it is already making progress in executing the plan.

Is Newmont a Good Company to Invest In?

Turning to Wall Street, analysts have a Moderate Buy consensus rating on NEM stock based on 10 Buys and five Holds assigned in the past three months. The average Newmont stock price target of $77.02 per share implies a downside risk of 1.8% from current levels.