Newmont Unusual Options Activity For September 15
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 80% bullish and 20% bearish. The price of NEM is up 2.14% at $40.37. RBC Capital downgraded its action to Sector Perform with a price target of $52, UBS maintained their Neutral rating with a price target of $42, and Raymond James maintained their Outperform rating with a price target of $61.
September 15, 2023 | 5:04 pm
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Unusual options activity indicates a significant bullish stance on Newmont. The stock price is up 2.14% at $40.37. Analysts have mixed ratings with price targets ranging from $42 to $61.
The unusual options activity, with 80% being bullish, indicates that big-money traders are expecting the stock price to rise. This, coupled with the current upward trend in the stock price, suggests a positive short-term impact. However, the mixed analyst ratings introduce some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100