| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Financial giants have made a conspicuous bullish move on Newmont. Our analysis of options history for Newmont (NYSE:NEM) revealed 26 unusual trades.
Delving into the details, we found 42% of traders were bullish, while 38% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $425,058, and 19 were calls, valued at $2,921,850.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $45.0 to $100.0 for Newmont over the recent three months.
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Newmont's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Newmont's whale activity within a strike price range from $45.0 to $100.0 in the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NEM | CALL | TRADE | BEARISH | 01/15/27 | $23.45 | $21.05 | $22.0 | $65.00 | $1.0M | 23.1K | 483 |
| NEM | CALL | SWEEP | BEARISH | 09/18/26 | $22.3 | $21.05 | $21.12 | $65.00 | $337.5K | 848 | 161 |
| NEM | CALL | TRADE | BEARISH | 01/15/27 | $34.35 | $33.0 | $33.0 | $50.00 | $330.0K | 1.6K | 102 |
| NEM | CALL | TRADE | BEARISH | 03/20/26 | $31.7 | $30.8 | $30.8 | $50.00 | $308.0K | 1.2K | 100 |
| NEM | CALL | TRADE | BULLISH | 06/18/26 | $11.4 | $10.9 | $11.28 | $80.00 | $225.6K | 1.0K | 205 |
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 11 mines and interests in two joint ventures in the Americas, Africa, Australia, and Papua New Guinea. The company is expected to sell roughly 5.6 million ounces of gold in 2025 from its core mines after selling six higher-cost, smaller mines following the Newcrest acquisition. 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 2024.
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.
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $110.1.
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. Click here for access. * An analyst from Citigroup persists with their Buy rating on Newmont, maintaining a target price of $104. * Showing optimism, an analyst from Scotiabank upgrades its rating to Sector Outperform with a revised price target of $114. * In a positive move, an analyst from CIBC has upgraded their rating to Outperformer and adjusted the price target to $112. * Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Newmont, targeting a price of $105. * An analyst from B of A Securities persists with their Buy rating on Newmont, maintaining a target price of $115.
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 Benzinga Pro.
Posted In: NEM
