Newmont (NEM) Offering Possible 5.93% Return Over the Next 6 Calendar Days

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Newmont’s most recent trend suggests a bullish bias. One trading opportunity on Newmont is a Bull Put Spread using a strike $38.00 short put and a strike $33.00 long put offers a potential 5.93% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.00 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock dropped below the $33.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Newmont is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Newmont is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for Newmont

Analyst Insight: Is Newmont Mining Warming Up for a Good 2018?
Thu, 11 Jan 2018 17:05:02 +0000
Along with Agnico Eagle Mines (AEM), Newmont Mining (NEM) has a high percentage of “buy” ratings among the senior miners at 61%. Its target price implies an upside of 11.6% from its current market price of $38.3. Newmont Mining’s stock has not seen any rating change from analysts since July 2017 when Argus upgraded it from “hold” to “buy” with a target price of $43.

Why Analysts Think Barrick’s Revenue Will Fall in the Medium Term
Thu, 11 Jan 2018 15:35:21 +0000
Barrick Gold (ABX) underperformed its peers and gold prices in 2017. While ABX’s stock returned -9.4% in 2017, gold prices rose by 12.8% and the VanEck Vectors Gold Miners ETF (GDX) rose by 11.1%. ABX’s close peers such as Newmont Mining (NEM), Goldcorp (GG), and Kinross Gold (KGC) returned 10.1%, -6.1%, and 38.9%, respectively.

Is Analyst Sentiment for Barrick Gold Turning Bearish?
Thu, 11 Jan 2018 14:03:38 +0000
In this series, we’ll discuss analyst ratings and recommendations for gold miners, starting with Barrick Gold. Of the 24 analysts covering Barrick Gold (ABX), only 29% have “buy” recommendations on the stock. Among the senior miner stocks (GDX), Barrick has the lowest percentage of “buy” recommendations. 63% of the analysts rate the stock as a “hold.” The remaining 8% recommend a “sell” for Barrick’s stock.

See what the IHS Markit Score report has to say about Newmont Mining Corp.
Thu, 11 Jan 2018 13:01:30 +0000
Newmont Mining Corp NYSE:NEM

Interest Rate versus Gold: Interest Rate Wins Again
Thu, 11 Jan 2018 12:36:58 +0000
What Led to Decline in Precious Metals on Tuesday, January 9?

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