Newmont Unusual Options Activity For September 07
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Newmont (NYSE:NEM) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The price target for Newmont over the last 3 months has been between $35.0 to $52.5. RBC Capital has downgraded its action to Sector Perform with a price target of $52, while Raymond James and UBS have maintained their Outperform and Neutral ratings respectively, with price targets of $61 and $42.
September 07, 2023 | 4:46 pm
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Unusual options activity indicates a significant bullish stance on Newmont. The sentiment among big-money traders is split 60% bullish and 40% bearish. Analysts have mixed ratings with price targets ranging from $42 to $61.
The unusual options activity, with a significant bullish stance, indicates that there is a potential for the stock price to increase. The sentiment among big-money traders, which is more bullish than bearish, further supports this. However, the mixed analyst ratings suggest that there is some uncertainty about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100