The Basic Materials sector has shown strong performance in 2026, driven by top holdings like Newmont, Freeport-McMoran, and Linde. However, momentum may slow in the fourth quarter due to macroeconomic headwinds and sector concentration risks. While mining and metals remain promising sub-sectors, construction materials and chemicals appear overvalued with limited growth potential. Investors are advised to be cautious about adding new funds to this sector at current valuations.
Newmont (NEM) is trading at USD 122.78 with a slight 0.22% decrease, while Freeport-McMoRan (FCX) shows a modest 0.43% gain at USD 72.44 on Pluang. Linde (LIN) remains strong at USD 458.47 with a 0.21% increase. These figures reflect current investor activity as of Sep 22, 2026 18:51 WIB.
Newmont's stock has surged over 30% since July, driven by strong first-half 2026 financial results despite recent declines in gold prices. The company's improved adjusted net income margin supports an upgraded financial outlook and suggests significa...
UBS has increased its price target for Newmont Corporation to $155 per share from $120, maintaining a Buy rating. The upgrade follows Newmont's resolution of a $1.95 billion payment to Barrick related to their Nevada joint venture, which clears a maj...
