Looking At Newmont's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for Newmont (NYSE:NEM) shows a bullish trend, with 55% of trades being bullish. The stock is currently priced at $57.82, with analysts maintaining a Buy rating and a target price of around $65. Newmont's recent acquisition of Newcrest and its plans to sell higher-cost mines are key strategic moves.
October 21, 2024 | 5:15 pm
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Newmont's options activity indicates a bullish sentiment, with 55% of trades being bullish. Analysts maintain a Buy rating with a target price of $65. The stock is currently at $57.82, and recent strategic moves include the acquisition of Newcrest and potential sales of higher-cost mines.
The majority of options trades are bullish, indicating positive market sentiment. Analysts' Buy ratings and a target price above the current price suggest potential upside. Strategic acquisitions and sales could impact future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100