La vendita allo scoperto per Newmont dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Newmont. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Newmont (NYSE:NEM) Azioni, Report sulle vendite allo scoperto

Newmont

Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.

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Due titoli del settore materiali mostrano segnali di eccessivo ipercomprato e potrebbero affrontare un crollo imminente nel terzo trimestre.

Le 2 azioni a rischio di crollo nel terzo trimestre 2024

Newmont Corp

New Energy Metals Corp Ordinary Shares

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NEWMONT ORD

High-rolling investors have positioned themselves bullish on Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in NEM often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Newmont. This is not a typical pattern.
The sentiment among these major traders is split, with 55% bullish and 22% bearish. Among all the options we identified, there was one put, amounting to $38,130, and 8 calls, totaling $297,250.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $65.0 for Newmont over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Newmont stands at 3707.57, with a total volume reaching 1,537.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Newmont, situated within the strike price corridor from $30.0 to $65.0, throughout the last 30 days.
<h3>Newmont Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729089240_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.5</td>
<td>$57.50</td>
<td>$56.0K</td>
<td>7.7K</td>
<td style="text-align: right;">259</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$17.1</td>
<td>$17.0</td>
<td>$17.0</td>
<td>$40.00</td>
<td>$52.7K</td>
<td>12.5K</td>
<td style="text-align: right;">76</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.5</td>
<td>$3.45</td>
<td>$3.5</td>
<td>$57.50</td>
<td>$43.0K</td>
<td>7.7K</td>
<td style="text-align: right;">435</td>
</tr>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$9.3</td>
<td>$9.2</td>
<td>$9.3</td>
<td>$65.00</td>
<td>$38.1K</td>
<td>6</td>
<td style="text-align: right;">41</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.5</td>
<td>$54.00</td>
<td>$33.2K</td>
<td>618</td>
<td style="text-align: right;">2</td>
</tr>
</tbody>
</table>

<h3>About Newmont</h3>
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
In light of the recent options history for Newmont, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Newmont</h3>
<ul>
<li>Currently trading with a volume of 1,992,706, the NEM's price is up by 1.8%, now at $56.68. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 7 days.</li>
</ul>
<h3>Expert Opinions on Newmont</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $65.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from UBS persists with their Buy rating on Newmont, maintaining a target price of $65. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Newmont with a target price of $67. 
&#x2A; Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on Newmont with a target price of $63. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Newmont, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Looking At Newmont's Recent Unusual Options Activity

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/10/2024-10-15_08h50_10.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Google Goes Nuclear</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-israeli-restraint-google-nuclear-power-ai-nne-mc-10152024">click here</a> for an enlarged chart of Nano Nuclear Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock. The chart of NNE is being used to illustrate the point.</li>
<li>NNE is a micro reactor company.</li>
<li>The trendline on the chart shows a steady uptrend since last month on the excitement about the use of nuclear power for AI data centers.</li>
<li>As full disclosure, there is a position in NNE in The Arora Report&#8217;s ZYX Buy Change Alert.</li>
<li>Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) has decided on nuclear power for AI data centers. Most importantly, Google has signed a Master Plant Development Agreement for smart modular reactors with Kairos Power. The first plant will be deployed by 2030.</li>
<li>The Google agreement will likely build more excitement for nuclear power. The Arora Report has previously mentioned three conventional nuclear plant operators: Constellation Energy Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>), Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>), and Public Service Enterprise Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEG#NYSE">PEG</a>). There are two publicly traded smart modular reactors of note – Nuscale Power Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) and Oklo Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>).</li>
<li>There are reports Israel has told the U.S. that Israel will not attack Iran's nuclear facilities or oil infrastructure. This development is impacting the markets in the following ways:
<ul>
<li>Buying in stocks</li>
<li>Selling in volatility index (VIX) futures</li>
<li>Selling in the dollar</li>
<li>Selling in oil</li>
<li>Selling in gold and silver</li>
<li>As full disclosure, The Arora Report anticipated this scenario as the highest probability scenario and gave the following signals. Readers of The Arora Report got ahead of the curve when they received a signal to take partial profits on gold ETF SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) in The Arora Report&#8217;s ZYX Allocation as well as silver ETF SLV and gold miner Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) in The Arora Report&#8217;s ZYX Buy.</li>
</ul>
</li>
<li>Earnings season is in full swing.
<ul>
<li>Among important earnings of note, Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) and Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) reported earnings better than the consensus. As full disclosure, BAC is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio and is long from $7.69. </li>
<li>Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) reported lower than expected earnings.</li>
<li>The nation's largest health insurer UnitedHealth Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) is lowering its outlook due to rising medical costs.</li>
</ul>
</li>
</ul>
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), GOOG, Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are neutral in NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ. Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil. The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>). The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>). The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.  When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

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Google Goes Nuclear For AI Power, Israeli Restraint Impacts Stocks, Gold, And Oil

UBS analyst Daniel Major maintains Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) with a Buy and raises the price target from $65 to $67.

Price Target

Analyst Ratings

UBS Maintains Buy on Newmont, Raises Price Target to $67

On Tuesday, Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) disclosed the sale of its Akyem operation in Ghana to Zijin Mining Group <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41242149/newmont-announces-definitive-agreement-to-divest-akyem-for-up-to-1-billion" rel="noreferrer noopener">for up to $1 billion in cash</a>.
This divestment aligns with Newmont&#8217;s strategy to focus on its Tier 1 assets and streamline its portfolio.
As per the deal, Newmont will receive $900 million in cash at closing and an additional $100 million contingent on meeting certain conditions.
The proceeds are expected to be used to support its capital allocation priorities, including strengthening its balance sheet and returning capital to shareholders.
The transaction is expected to close in the fourth quarter of 2024, pending regulatory approvals and customary conditions, and it will have no material impact on Newmont&#8217;s 2024 outlook.
Newmont has not adjusted its non-core guidance for the year. The company remains committed to Ghana, with plans to invest $950 million to $1.050 billion in the Ahafo North gold mining project.
Tom Palmer, Newmont&#8217;s President and Chief Executive Officer, said, &#8220;The sale of Akyem represents continued progress on the non-core asset divestiture program announced in February, supporting our focus on the Tier 1 assets in Newmont&#8217;s portfolio that will drive sustainable growth and the return of capital to shareholders.&#8221;
Rahman Amoadu, Newmont Managing Director, Africa, stated, &#8220;In line with President Afuko-Addo&#8217;s address in February we ensured that our robust divestment process provided equal opportunity for all potential buyers, Ghanaian and international, to participate.&#8221;
&#8220;Additionally, we have included the Minerals Income Investment Fund (MIIF) in the process in preparation of their potential investment in Akyem to further Ghanaian interest in the mine.&#8221;
Investors can gain exposure to the stock via iShares MSCI Global Gold Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RING#NASDAQ">RING</a>).
Price Action: NEM shares are up 0.36% at $52.93 premarket at the last check Wednesday.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com//node/41244830" target="_blank" rel="noreferrer noopener">Boeing&#8217;s Credit Rating On Negative Watch By S&amp;P As Machinist Strike Enters 4th Week</a></li>
</ul>

Equities

Large Cap

Asset Sales

RING

Newmont Strikes ~$1B Deal For Akyem Sale, Focus Sharpens on Tier 1 Assets

Under the terms of the agreement, Newmont is expected to receive cash consideration of&nbsp;$900 million&nbsp;upon closing. A further&nbsp;$100 million&nbsp;is expected to be received upon the satisfaction of certain conditions.1

Reported Earlier, Newmont To Divest Akyem Mine In $1B Deal With Zijin Mining

Investors with a lot of money to spend have taken a bullish stance on Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NEM, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 15 options trades for Newmont.
This isn't normal.
The overall sentiment of these big-money traders is split between 53% bullish and 46%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $73,753, and 14, calls, for a total amount of $2,634,642.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $35.0 to $57.5 for Newmont during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Newmont's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Newmont's substantial trades, within a strike price spectrum from $35.0 to $57.5 over the preceding 30 days.
<h3>Newmont Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728415836_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.9</td>
<td>$3.8</td>
<td>$3.8</td>
<td>$52.50</td>
<td>$1.9M</td>
<td>11.0K</td>
<td>5.1K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$18.9</td>
<td>$18.85</td>
<td>$18.85</td>
<td>$35.00</td>
<td>$94.2K</td>
<td>411</td>
<td>100</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$18.95</td>
<td>$18.85</td>
<td>$18.85</td>
<td>$35.00</td>
<td>$94.2K</td>
<td>411</td>
<td>0</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$20.25</td>
<td>$18.75</td>
<td>$18.75</td>
<td>$35.00</td>
<td>$93.7K</td>
<td>411</td>
<td>190</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/21/25</td>
<td>$6.3</td>
<td>$6.25</td>
<td>$6.25</td>
<td>$57.50</td>
<td>$82.5K</td>
<td>28</td>
<td>133</td>
</tr>
</tbody>
</table>

<h3>About Newmont</h3>
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
In light of the recent options history for Newmont, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Newmont's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 4,100,993, the NEM's price is down by -0.62%, now at $52.65. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 15 days.</li>
</ul>
<h3>What The Experts Say On Newmont</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $64.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from UBS has decided to maintain their Buy rating on Newmont, which currently sits at a price target of $65. 
&#x2A; An analyst from Jefferies has decided to maintain their Buy rating on Newmont, which currently sits at a price target of $63. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Newmont with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Unpacking the Latest Options Trading Trends in Newmont

Throughout the last three months, 7 analysts have evaluated Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $59.57, a high estimate of $65.00, and a low estimate of $54.00. Witnessing a positive shift, the current average has risen by 17.56% from the previous average price target of $50.67.
<img src="https://www.benzinga.com/files/images/story/2024/1728075764_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A comprehensive examination of how financial experts perceive Newmont is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Murphy</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$63.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Daniel Major</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$65.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>David Coleman</td>
<td>Argus Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$58.00</td>
<td>-</td>
</tr>
<tr>
<td>Tanya Jakusconek</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$59.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Jackie Przybylowski</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$57.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Matthew Murphy</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$54.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Anita Soni</td>
<td>CIBC</td>
<td>Raises</td>
<td>Outperformer</td>
<td>$61.00</td>
<td>$46.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Newmont. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Newmont compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Newmont's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Newmont's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/NEM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Newmont analyst ratings.</a>
<h2>About Newmont</h2>
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
<h3>Newmont's Financial Performance</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Positive Revenue Trend: Examining Newmont's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 64.07% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Newmont's net margin excels beyond industry benchmarks, reaching 19.38%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.93%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Newmont's ROA stands out, surpassing industry averages. With an impressive ROA of 1.54%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Newmont's debt-to-equity ratio stands notably higher than the industry average, reaching 0.31. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>How Are Analyst Ratings Determined?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 7 Analyst Ratings Have To Say About Newmont

Source: <a href="https://www.streetwisereports.com/article/2024/10/02/new-drill-results-from-alaska-project-positive.html?utm_medium=feed">Streetwise Reports 10/02/2024</a>
They confirmed continuity of high-grade core in one deposit and presence of two mineralization types in a second. Read on to learn why junior mining companies are an attractive investment right now.
US GoldMining Inc.&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/usgo#NASDAQ">USGO</a>) initial two holes of its 2024 drill season completed at its Whistler gold-copper project in Alaska returned positive results, noted a news release.
At Whistler this year, the company began drilling on June 27 at the Raintree West deposit then moved in early July to the Whistler deposit. The program covered 4,005 meters (4,005m) in all and was finished on budget and ahead of schedule.
One of the two newly reported holes, WH23-03, extended known high-grade mineralization in the Whistler deposit. This effort was a re-entry as the first drilling attempt last year had to be abandoned at 600.2m downhole due to a winter freeze. Last year&#39;s drilling, however, did include a previously reported intercept of 547m of 1.06 grams per ton gold equivalent (1.06 g/t Au eq). Then, it was the longest intercept of high-grade consistent mineralization reported to date at the project.
During this year&#39;s program, drilling extended this very intercept by more than 100m, taking it to 652.5m of 1 g/t Au eq. Broken down by metal, it consists of 0.73 g/t gold (Au), 1.5 g/t silver (Ag), and 0.16% copper (Cu).
WH23-03 also encountered several higher-grade zones, including:
<ul>
<li>176m of 1.55 g/t Au eq from 131m downhole</li>
<li>57m of 1.36 g/t Au eq from 575m downhole</li>
</ul>
Also, recent drilling of WH23-03 extended the high-grade mineralized core to a depth of 874.5m.
The total envelope of porphyry-style mineralization at the Whistler deposit, now extending from surface down to a depth of 716.6m, consists of 0.93 g/t Au eq, or 0.68 g/t Au, 0.15% Cu and 1.4 g/t Ag. Beyond this point is &quot;barren country rock peripheral to the porphyry mineral system&quot; the release explained. Mineralization extends to surface and remains open at depth.
The second newly reported hole of 2024, WH24-01, U.S. GoldMining drilled into the area of the open pit shell for the Raintree West deposit, constrained by the mineral resource estimate. This hole confirmed the presence of two types of mineralization.
One was broad gold-copper-silver porphyry-style mineralization. It was shown in this highlight intercept: 61.4m of 0.53 g/t Au eq from 311m downhole, including 41m of 0.61 g/t Au eq from 321m downhole.
Narrow, vein-style gold-silver-base metal mineralization was the second type. Specifically, the hole returned 4m of 0.78 g/t Au, 171.6 g/t Ag, 1.19% lead and 2.53% zinc, from 249m downhole.
Raintree remains open along strike and to depth. The company plans to do more drilling there to delineate the full extent of mineralization.
<h2>Unlocking Value in an Emerging District</h2>
Headquartered in British Columbia, US GoldMining is a mining explorer-developer that went public on the NASDAQ in April 2023 and raised US$20 million (US$20M) to be used on advancing and unlocking value at its 100%-owned Whistler project, the company&#39;s sole focus currently.
About 170 kilometers northwest of Anchorage, Ala., Whistler is in the emerging West Susitna mining district that offers multiple avenues for growth, according to the company&#39;s September 2024 Corporate Presentation. Spanning 217.5 square kilometers, the large undeveloped project features a number of gold-copper porphyry deposits and exploration targets.
&quot;Porphyry clusters in the [Whistler-Raintree] area contain the potential to yield additional mineralized intrusive centers&quot; H.C. Wainwright &amp; Co. Analyst Heiko Ihle wrote in a September 5 research report.
Whistler&#39;s existing mineral resource encompasses three gold-copper porphyry deposits: Whistler, Raintree West and Island Mountain. It stands at 3,000,000 ounces (3 Moz) of Au eq in the Indicated category and 6.5 Moz of Au eq in the Inferred category, according to the company&#39;s website.
&quot;The firm may encounter additional high-grade mineralization below the current estimate, which should ultimately improve the project&#39;s economic viability&quot; added Ihle.
Along with an exploration permit, US GoldMining has the necessary infrastructure, including a build-out camp and a nearby airstrip, for year-round exploration, the company said. The state of Alaska plans to build an access road to the project via its Roads to Resources program, construction of which could begin next year.
The Canadian junior is led by an experienced team with a proven track record in exploration and development (E&amp;D) of significant gold projects. Chief Executive Officer Tim Smith, for instance, formerly as vice president of exploration at Kaminak Gold Corp., led discovery of the Coffee gold deposit in the Yukon. He has also been involved in E&amp;D in Australia and Canada for junior, midtier, and major mining companies, including Newmont Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>).
Ihle pointed out that U.S. GoldMining remains proactively engaged with its stakeholders and the relationships built through these efforts should prove beneficial when applying for permits in the future. The company, for instance, established a sustainability committee, responsible for &quot;sustainability and environmental, social and governmental, including environmental and climate risks and opportunities, human rights and human capital management, community and social impact, and diversity and inclusion&quot; according to the charter.
<h2>Gold: Outperforming, Setting Records</h2>
The gold sector continues to heat up, experts say.
&quot;Gold is setting records&quot; according to a Sept. 24 Seeking Alpha article. &quot; It is outperforming stocks. And pretty much everything else.&quot;
Year to date, gold up is 27.1%. In comparison, the return with the Standard &amp; Poor&#39;s 500 is 20.8% during the same period. Also, the NASDAQ is up 21.7% and the Dow, 11.6%. Gold has even exceeded its 25% gain during the COVID-19 pandemic. As it stands now, it is on track this year for its best return since 2010, and &quot;this gold bull still has plenty of legs.&quot;
Driving the demand are U.S. Federal Reserve policy, high interest for gold in Asian and Middle Eastern markets, de-dollarization and central bank buying of the metal.
Based on its charts, gold is about to &quot;go into vertical meltup mode&quot; once it breaks above roughly US$2,800 per ounce (US$2,800/oz), Technical Analyst Clive Maund wrote in a Sept. 26 report on clivemaund. He indicated the ascent will likely start &quot;as a steep but fairly orderly uptrend that accelerates in stages over time until it ends up in a wild speculative melee with the price going &#39;limit up&#39; successively or equivalent, as much as market conditions and rules at the time permit.&quot;
Therefore, he added, &quot;the gains in all gold-related investments at this time should be spectacular.&quot;
Gold equities specifically offer an &quot;incredible opportunity&quot; currently, wrote Frank Holmes in a Sept. 26 Investing.com article, because they are not trading at levels reflecting the continuing rise of the yellow metal&#39;s price.
&quot;And since gold mining stocks have typically moved out of lockstep with the broader market&quot; added Holmes, &quot;they offer a level of diversification that I believe can help hedge portfolios against market downturns.&quot;
Major, midtier and junior mining companies &quot;all look ripe for a rebound in what is increasingly a risk-tolerant environment now that &#39;the punch bowl&#39; of monetary easing/lower interest rates is back on central banks&#39; agendas&quot; Ahead of the Herd&#39;s Richard Mills pointed out in the Sept. 28 issue. Yet, of the three types of companies, juniors offer the greatest leverage to increasing commodity prices and the highest potential return, he noted.
&quot;Investing early in the development cycle of the right gold junior, one that has an excellent project in a safe jurisdiction, led by experienced management with the ability to raise money, can reap huge rewards&mdash;five, 10, even 20 times your money isn&#39;t uncommon&quot; wrote Mills.
Looking ahead at the gold price, Goldman Sachs now forecasts it to be US$2,900/oz in early 2025, having just raised it from US$2,700/oz, reported Mint in a Sept. 30 article. Reasons the bank analysts gave were slowly rising exchange-traded funds flows with interest rate cuts in the West and in China, along with increased central bank buying.
Throughout 2025, other experts estimate the gold price will range from US$2,800&ndash;3,200/oz, according to a Sept. 25 Skilling article. Longer term, analysts predict it could reach US$6,800/oz by 2040, representing a 7.2% annual rate of return. Central bank policies, global economic trends and inflation will continue to affect the price.
<h2>The Catalysts: More Drill Results</h2>
Near-term catalyst for U.S. GoldMining, Ihle pointed out, include further assay results from the 2024 drill program, which the H.C. Wainwright analyst expects will be valuable.
Once the company completes drilling, investors should anticipate an updated mineral resource estimate.
Ihle has a Buy rating and a target price on U.S. GoldMining, the latter implying a potential return of 187%.
<h2>Ownership and Share Structure</h2>
According to Refinitiv, 11 strategic entities own 88.09%, or 10.92 million (10.92M) shares, of U.S. GoldMining. The Top 3 are parent company GoldMining Inc. with 79.67% or 9.88M shares, 1741 Holding AG with 3.7% or 0.46M shares, and Amir Adnani with 3.23% or 0.4M shares.
As for institutional ownership, 15 companies hold 4.27% or 0.53M shares. The Top 3 are Commodity Capital AG with 3.7% or 0.46M shares, Geode Capital Management LLC with 0.16% or 0.02M shares, and The Vanguard Group Inc. with 0.15% or 0.02M shares.
Retail investors own the remaining 7.65% or 88.55M shares.
Regarding capital structure, U.S. GoldMining has 12.4M shares outstanding and 1.48M free float traded shares.
Its market cap is US$101.67M. Its 52-week range is US$4.91&ndash;$9.34 per share.
Important Disclosures:
<ol>
<li>Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

Small Cap

Management

USGO

New Drill Results from Alaska Project Positive

Jefferies analyst Matthew Murphy maintains Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) with a Buy and raises the price target from $54 to $63.

Jefferies Maintains Buy on Newmont, Raises Price Target to $63

Gold&#39;s record-breaking surge continues, with the precious commodity now up close to 40% over one year, outpacing the stock market&#39;s benchmark, which gained 32% over the same time. As gold ETFs and several gold mining stocks soar, the question arises: Is now the time to buy, or should investors wait for a pullback?
<h2>What&#39;s Driving the Gold Rally?</h2>
Much of gold&#39;s rise has been driven by uncertainty in global markets, escalating tensions in the Middle East, and ambiguity surrounding the Federal Reserve&#39;s monetary policy. However, in recent weeks leading up to the first interest rate cut, the price of gold surged, primarily due to easing inflation and expectations that the Federal Reserve will cut interest rates. Data had signaled a slowing U.S. economy, causing investors to flock to the perceived safety of gold. With inflation nearing the Fed&#39;s 2% target, gold again emerged as a preferred hedge against potential economic turbulence.
The weakening of the U.S. dollar has also contributed significantly to gold&#39;s rise. A weaker dollar makes gold more attractive to foreign buyers, increasing demand. Additionally, expectations that the Fed will continue cutting rates have further pushed the price of gold upward. These dynamics have supported the precious metal&#39;s rally and boosted silver, which has gained almost 35% during the same period.
One of the most popular ways to gain exposure to gold, the SPDR Gold Shares ETF, recently broke out of a multi-week consolidation phase, hitting new all-time highs. Before the Fed&#39;s 50-basis point rate cut last week, GLD posted a substantial 24.8% year-to-date gain. Since then, the ETF has risen nearly 4%, continuing to trade at elevated levels.
Given these developments, the question becomes whether it&#39;s still a good time to invest in gold or if waiting for a pullback makes more sense. Let&#39;s examine the technical positioning of the ETF and a few key gold stocks to assess the potential risks and rewards.
<h2>GLD: Momentum Continues, but Overbought Signals Flashing</h2>
The SPDR Gold Shares ETF, which provides exposure to the price of gold without requiring investors to hold the commodity physically, has been on a tear. Year-to-date, it&#39;s up 29%, and over the past 12 months, it has climbed an impressive 40%. However, after its significant 6% rally this month, GLD&#39;s momentum may be reaching an inflection point.
The ETF&#39;s Relative Strength Index (RSI) has climbed into overbought territory, sitting at 74.37. This suggests that a short-term pullback could be imminent. While long-term investors may still see an upside in gold, now may not be the ideal time to initiate a new position. It might be prudent to wait for a consolidation or a pullback to reset the RSI before adding to or starting a new position in GLD.&nbsp;
<h2>Newmont: Leader in the Gold Mining Space</h2>
Newmont (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>), the largest U.S.-based gold mining stock by market capitalization, has been closely tracking the price of gold, surging nearly 35% year-to-date. The stock is up 5% this week alone, reflecting the recent strength in the commodity. With a forward P/E ratio of just 14.98, Newmont remains fairly valued compared to its peers.
However, like GLD, Newmont&#39;s stock has reached the high end of its current uptrend, with an RSI of 70.86, indicating potential overbought conditions. While it may not be a sell signal just yet, those looking to enter a fresh position may want to wait for a dip closer to its rising 20-day simple moving average (SMA) to capitalize on future upside potential.
<h2>Barrick Gold: A Relative Bargain?</h2>
Barrick Gold&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gold#NYSE">GOLD</a>), a Canadian gold production giant, has underperformed compared to its peers. The stock has struggled year-to-date, remaining stuck in a tight consolidation near its 52-week high. However, this underperformance could offer an opportunity.&nbsp;Barrick appears less overextended, with an RSI of 57 and a forward P/E of 11.81 than other gold mining stocks.
Barrick could experience relative strength and catch up to its competitors if the sector surges. Investors may want to consider Barrick a potential value play within the gold mining space.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/gold-rush-continues-time-to-buy-more-or-take-profits/">Gold Rush Continues: Time to Buy More or Take Profits?</a>&quot; first appeared on MarketBeat.

Sector ETFs

Technicals

Commodities

Events

Federal Reserve

ETFs

GOLD

Gold Rush Continues: Time to Buy More or Take Profits?

WIIM

RGLD

SAND

SSRM

Shares of gold companies are trading higher following a spike in the price of the safe haven asset after Iran launched a missile attack on Israel.

Shares of precious metals companies are trading lower amid a pullback in gold and silver.

Newmont's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) short percent of float has risen 23.68% since its last report. The company recently reported that it has 21.14 million shares sold short, which is 2.35% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.1 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Newmont Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727466312_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Newmont has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Newmont's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Newmont's peer group average for short interest as a percentage of float is 3.26%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

How Is The Market Feeling About Newmont?

Investors cautious about the Federal Reserve&#39;s September rate cut&mdash;confirmed at its mid-month meeting to be a full 50 basis points&mdash;and skeptical about the strength of the dollar have flocked to gold, sending the most famous safe haven commodity soaring to record highs. But there is only so much upside potential to gold, particularly given the attention that it has already drawn. For investors interested in diversifying beyond gold but still in search of a hedge against the dollar amid a new interest rate environment, silver provides a suitable alternative.
The price of silver has climbed at a pace just slightly slower than gold in the last year, surging by more than 29% in that time. Investors looking to stock up on physical metals may find that silver&#39;s lower price relative to gold makes it more accessible. It also has a strong array of applications, as its conductivity makes it an essential component of many electronics, solar components, and other products.
There are also ways to build indirect exposure to silver, either through a number of ETFs focused on the mining industry or through the stocks of individual silver mining firms. These companies tend to do well when the price of silver surges but are potentially separated from the volatility of the metal itself to some degree.
<h2>PAAS: Increased Resource Estimates, Earnings Growth Potential</h2>
Pan American Silver Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/paas#NYSE">PAAS</a>) is among the larger silver mining companies, with a market capitalization of $7.5 billion. This size is reflected in the firm&#39;s large portfolio of mines scattered throughout the Americas. One mine in particular&mdash;the La Colorada Skarn mine in Mexico&mdash;is notable as Pan American&#39;s highest-producing silver mine.
Pan American announced a significant increase in estimated silver resources at La Colorada earlier this month. The firm also has expansions planned in other mining sites as well. This news could be part of the reason analysts expect Pan American to more than double its earnings in the coming year.
The company is also favored by analysts because of its healthy free cash flow (over $102 million in the latest quarter), which gives it a healthy cushion to fund expansions of its mining efforts or dividend payments.
<h2>WPM: Solid Finances and Balance Sheet</h2>
Investors looking for stability in a mining stock should look to Wheaton Precious Metals Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wpm#NYSE">WPM</a>), which generated an impressive $234 million in operating cash flow last quarter. The firm carries a cash balance of over $500 million and no debt as of the end of the second quarter, making it ideally positioned to address a variety of business needs through the remainder of the year.
Wheaton is among the few mining stocks to generate net earnings rather than net losses last quarter.
This company is less of a targeted silver play than some others, however.
While Wheaton&#39;s silver production for the latest quarter did climb by 14% relative to a year earlier, silver production and sales remain just a small portion of the company&#39;s business, well behind gold.
<h2>NEM: Notable Dividend and Major Cash Influx</h2>
Newmont Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>) is also one of the largest mining companies, but while other firms expand their operations, this company is making moves to streamline its business.
Like Wheaton above, its primary business is gold, though Newmont does maintain its silver mining operations as well.
Newmont has recently renewed its focus on high-production tier 1 mining assets, and in doing so plans to sell a number of its other mining projects.
In the process, Newmont could raise $2 billion.
This could boost its dividend yield and may be a factor among analysts forecasting earnings growth of more than 20% in the coming year.
<h2>Silver ETFs Offer Easy Exposure to Silver Without Storage Hassles</h2>
Silver ETFs offer investors an easy way of tracking the spot price of silver without having to face the challenges associated with holding, storing, and transporting physical silver. An under-the-radar silver ETF is the Aberdeen Standard Physical Silver Shares ETF (ARCA:SIVR), which stands out for its strong performance over the last year&mdash;it is up more than 28% during that time&mdash;as well as its expense ratio of 0.30%, lower than popular competitor iShares Silver Trust ETF (ARCA:SLV) which stands at 0.50%.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/prepare-for-a-silver-surge-best-mining-stocks-to-watch-now/">Prepare for a Silver Surge: Best Mining Stocks to Watch Now</a>&quot; first appeared on MarketBeat.

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Prepare for a Silver Surge: Best Mining Stocks to Watch Now

Shares of gold companies are trading higher after the price of the commodity reached all-time highs following last week's Fed rate cut.

Whales with a lot of money to spend have taken a noticeably bearish stance on Newmont.
Looking at options history for Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 68% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $102,300 and 20, calls, for a total amount of $2,023,989.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $60.0 for Newmont over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Newmont options trades today is 4825.67 with a total volume of 32,656.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Newmont's big money trades within a strike price range of $35.0 to $60.0 over the last 30 days.
<h3>Newmont 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727195450_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.55</td>
<td>$2.5</td>
<td>$2.51</td>
<td>$60.00</td>
<td>$200.7K</td>
<td>22.3K</td>
<td>7.7K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.53</td>
<td>$2.5</td>
<td>$2.5</td>
<td>$60.00</td>
<td>$200.0K</td>
<td>22.3K</td>
<td>2.8K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.49</td>
<td>$2.45</td>
<td>$2.46</td>
<td>$60.00</td>
<td>$196.9K</td>
<td>22.3K</td>
<td>3.6K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.48</td>
<td>$2.45</td>
<td>$2.46</td>
<td>$60.00</td>
<td>$194.3K</td>
<td>22.3K</td>
<td>3.6K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.5</td>
<td>$2.45</td>
<td>$2.45</td>
<td>$60.00</td>
<td>$193.1K</td>
<td>22.3K</td>
<td>5.2K</td>
</tr>
</tbody>
</table>

<h3>About Newmont</h3>
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
After a thorough review of the options trading surrounding Newmont, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Newmont's Current Market Status</h3>
<ul>
<li>With a trading volume of 4,370,682, the price of NEM is up by 2.14%, reaching $55.65.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 30 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Newmont</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $61.5.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Showing optimism, an analyst from Argus Research upgrades its rating to Buy with a revised price target of $58. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Newmont with a target price of $65. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Newmont options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Behind the Scenes of Newmont's Latest Options Trends

Gold has surged&nbsp;to a new all-time high, rising 33.5% over the past year to $2,583.64/oz. This is driven by easing inflation and expectations that the Federal Reserve will cut interest rates after recent data signaled a slowing U.S. economy. As inflation nears the Fed&#39;s 2% target, gold has become a go-to haven for investors looking to protect against potential economic turbulence. Silver has also followed suit, gaining just over 32% during the same period.
The weakening of the U.S. dollar, coupled with the anticipation of the Fed cutting interest rates this week, has pushed the price of gold higher. As a result, the popular SPDR Gold Shares ETF (ARCA:GLD) recently broke out of a multi-week consolidation phase and reached new all-time highs, bringing its YTD gains to an impressive 24.8%.&nbsp;
With gold&#39;s strong performance and the potential for continued upside, investors may look to capitalize on this momentum through gold-related stocks. Here are three options that could offer exposure to this trend.
<h2>SPDR Gold Shares ETF: A Simple Way to Invest in Gold</h2>
The SPDR Gold Shares ETF&nbsp;is one of the most popular and straightforward options for investors seeking exposure to gold&#39;s price movements. The ETF directly reflects the performance of gold bullion minus the Trust&#39;s expenses, which come in at a net expense ratio of 0.4%. This low cost makes GLD an attractive vehicle for gold exposure without the need to physically own or store the metal.
GLD has been riding gold&#39;s upward momentum, up almost 25% YTD. It recently reached new all-time highs, marking a significant move for the ETF. In terms of flows, GLD has attracted strong investor interest, with positive one-month net flows of 2.9% and three-month net flows of nearly 5%. This indicates that more investors are moving into the ETF, suggesting that the rally may still have room to run.
<h2>Newmont: The Largest Gold Mining Stock in the U.S.</h2>
Newmont (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>) is the largest gold mining stock in the U.S. by market capitalization, standing at over $61 billion. As a global leader in gold production, Newmont also has interests in other metals like copper, silver, and zinc, making it a diversified player in the mining industry. The company&#39;s operations span the globe, with assets in the U.S., Canada, Australia, and South America.
NEM offers investors both growth and income potential, thanks to its 1.88% dividend yield, which provides steady cash flow even as its share price appreciates. The stock has performed exceptionally well in 2024, up nearly 30% YTD, and it currently trades just 2% away from its 52-week high. Analysts remain bullish on the stock, giving it a Moderate Buy rating based on 16 ratings. This bullish sentiment is partly driven by Newmont&#39;s projected earnings growth of 20.57% for the year, a significant factor supporting further upside.
Newmont&#39;s Q2 2024 earnings report was strong, with earnings per share (EPS) of $0.72, beating analysts&#39; estimates by $0.10. The company&#39;s quarterly revenue of $4.4 billion also exceeded expectations, marking a 64.1% year-over-year increase.&nbsp;
<h2>Barrick Gold: A Global Leader in Gold and Copper Production</h2>
Barrick Gold (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gold#NYSE">GOLD</a>), headquartered in Canada, is another global leader in gold production. The company has a market capitalization of nearly $36 billion and operates mines across North and South America, Africa, and Australia. While gold remains its primary focus, Barrick also has significant copper operations, providing exposure to an additional commodity with strong global demand.
The stock has a 1.95% dividend yield, offering a consistent income stream alongside its growth potential. Barrick&#39;s stock is up 13.4% YTD, and like Newmont, it is trading close to its 52-week high, just 2.8% away. Analysts are optimistic about Barrick, giving the stock a Moderate Buy rating, with a consensus price target that implies nearly 14% upside.
In its most recent earnings report, Barrick posted EPS of $0.32, beating consensus estimates of $0.27. The company&#39;s revenue also exceeded expectations at $3.16 billion, marking an 11.6% increase year-over-year. Barrick&#39;s diversified global presence, combined with its strong financial performance and upside potential, makes it a solid choice for investors seeking both income and growth in the gold sector.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/gold-hits-new-all-time-highs-3-stocks-to-ride-the-surge/">Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge</a>&quot; first appeared on MarketBeat.

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Offerings

Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge

Deep-pocketed investors have adopted a bullish approach towards Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NEM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Newmont. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 75% leaning bullish and 25% bearish. Among these notable options, 5 are puts, totaling $1,067,840, and 11 are calls, amounting to $482,689.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $47.5 to $60.0 for Newmont over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Newmont stands at 7940.17, with a total volume reaching 9,484.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Newmont, situated within the strike price corridor from $47.5 to $60.0, throughout the last 30 days.
<h3>Newmont 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726856293_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$0.99</td>
<td>$0.95</td>
<td>$0.96</td>
<td>$47.50</td>
<td>$480.0K</td>
<td>6.9K</td>
<td>5.0K</td>
</tr>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$0.98</td>
<td>$0.95</td>
<td>$0.95</td>
<td>$47.50</td>
<td>$475.0K</td>
<td>6.9K</td>
<td>5.0K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.74</td>
<td>$1.65</td>
<td>$1.65</td>
<td>$52.50</td>
<td>$81.7K</td>
<td>11.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$2.62</td>
<td>$2.52</td>
<td>$2.62</td>
<td>$55.00</td>
<td>$78.6K</td>
<td>3.3K</td>
<td>321</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$6.35</td>
<td>$6.25</td>
<td>$6.35</td>
<td>$50.00</td>
<td>$63.5K</td>
<td>3.8K</td>
<td>138</td>
</tr>
</tbody>
</table>

<h3>About Newmont</h3>
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
Having examined the options trading patterns of Newmont, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Newmont's Current Market Status</h3>
<ul>
<li>With a trading volume of 6,043,346, the price of NEM is up by 0.92%, reaching $54.02.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 34 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Newmont</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $61.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Argus Research has elevated its stance to Buy, setting a new price target at $58. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Newmont with a target price of $65. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Newmont with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Smart Money Is Betting Big In NEM Options

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