Unpacking the Latest Options Trading Trends in Newmont
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Newmont (NYSE:NEM) show a bearish sentiment among major investors, with 66% of trades being bearish. The stock is currently trading at $48.32, up by 1.28%, and has an average price target of $57.0 from analysts. The company is expected to produce 6.9 million ounces of gold in 2024, but may sell higher cost, smaller mines after acquiring Newcrest.
August 12, 2024 | 2:30 pm
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Recent options trading trends for Newmont show a bearish sentiment among major investors, with 66% of trades being bearish. The stock is currently trading at $48.32, up by 1.28%, and has an average price target of $57.0 from analysts.
The majority of recent options trades for Newmont are bearish, indicating that major investors expect the stock price to decline in the short term. Despite a current price increase and a positive analyst rating, the bearish sentiment in options trading suggests potential downward pressure on the stock.
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