Newmont(US:NEM) Benzinga·2025-10-06 15:02Core Insights - Significant investors have taken a bullish stance on Newmont (NYSE:NEM), indicating potential upcoming developments [1] - The overall sentiment among large traders is 64% bullish and 25% bearish, with notable options activity observed [2] - The predicted price range for Newmont over the next three months is between $57.5 and $120.0 [3] Options Trading Activity - A total of 39 uncommon options trades for Newmont were identified, with 30 calls amounting to $4,371,774 and 9 puts totaling $1,895,302 [2] - The volume and open interest data for Newmont's options indicate strong liquidity and interest within the strike price range of $57.5 to $120.0 over the last 30 days [4] Company Overview - Newmont is the world's largest gold miner, with a portfolio of 17 wholly or majority-owned mines and interests in two joint ventures across multiple regions [11] - The company is projected to sell approximately 5.6 million ounces of gold in 2025 from its core mines, following the sale of six higher-cost, smaller mines [11] - Newmont also produces significant amounts of copper, silver, zinc, and lead as byproducts, with about two decades of gold reserves remaining as of December 2024 [11] Market Ratings - Recent expert opinions on Newmont show a consensus target price of $90.33, with ratings from various analysts indicating optimism [12] - An analyst from Raymond James maintains an Outperform rating with a target price of $84, while UBS has a Buy rating with a target price of $92 [13] - RBC Capital has upgraded its rating to Outperform with a revised target price of $95, reflecting positive sentiment towards the stock [13] Current Market Position - Newmont's current trading volume is 2,590,976, with the stock price at $88.0, reflecting a 1.31% increase [15] - RSI readings suggest that the stock may currently be overbought, indicating potential caution for investors [15] - Anticipated earnings release is scheduled in 17 days, which could impact trading activity [15]