As Newmont Corporation (NEM, Financial) prepares to release its latest earnings report, options trading activity is unfolding at typical levels. In the lead-up to the announcement, the volume of call options is notably outpacing puts at a ratio of 9:4. This trend suggests a prevalent bullish sentiment among traders.
The implied volatility for Newmont's stock indicates that investors are bracing for a significant price shift. Specifically, the market is pricing in an expected move of approximately 5.5%, or an increase or decrease of about $2.91 in the stock's value, following the earnings release.
Historically, over the past eight quarters, Newmont's stock has experienced a median movement of 5.9% after earnings announcements. This historical context offers a benchmark for the potential volatility traders may anticipate this time around.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Newmont Corp (NEM, Financial) is $61.21 with a high estimate of $77.50 and a low estimate of $52.00. The average target implies an upside of 14.94% from the current price of $53.25. More detailed estimate data can be found on the Newmont Corp (NEM) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Newmont Corp's (NEM, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Newmont Corp (NEM, Financial) in one year is $48.61, suggesting a downside of 8.71% from the current price of $53.25. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Newmont Corp (NEM) Summary page.
