Check Out What Whales Are Doing With NEM
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Newmont (NYSE:NEM), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $30.0 to $60.0 for Newmont over the last 3 months. The price of NEM is up 1.88% at $37.45. Jefferies has decided to maintain their Hold rating on Newmont, which currently sits at a price target of $38.
October 26, 2023 | 8:31 pm
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Whale investor has taken a bullish stance on Newmont (NYSE:NEM), with equal number of investors having bullish and bearish expectations. The stock price is up 1.88% at $37.45. Jefferies maintains a Hold rating with a price target of $38.
The news of a whale investor taking a bullish stance on Newmont, along with the stock price increase and Jefferies maintaining their Hold rating, indicates a positive short-term impact on the stock. However, the equal number of investors with bullish and bearish expectations introduces some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100