A Closer Look at Newmont's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Whales have shown a bullish stance on Newmont (NYSE:NEM) with significant options trading activity. The trading volume and open interest suggest a focus on a price band between $25.0 and $42.5. Analysts have a positive outlook with an average target price of $50.0, and UBS has upgraded the stock to Buy.
June 25, 2024 | 8:45 pm
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Whales have shown a bullish stance on Newmont (NYSE:NEM) with significant options trading activity. The trading volume and open interest suggest a focus on a price band between $25.0 and $42.5. Analysts have a positive outlook with an average target price of $50.0, and UBS has upgraded the stock to Buy.
The bullish stance of whales, significant options trading activity, and positive analyst ratings, including an upgrade from UBS, suggest a likely short-term price increase for Newmont.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100