Newmontの空売り状況は、投資家がNewmontの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Newmont (NYSE:NEM) 株価情報, 空売り情報

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 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It 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.

Newmont Corp

New Energy Metals Corp Ordinary Shares

Nemetschek SE

Whales with a lot of money to spend have taken a noticeably bullish 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 15 trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $410,781 and 7, calls, for a total amount of $1,727,540.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $32.5 to $55.0 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 $32.5 to $55.0 over the preceding 30 days.
<h3>Newmont Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736872226_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>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$7.4</td>
<td>$7.25</td>
<td>$7.4</td>
<td>$37.50</td>
<td>$740.1K</td>
<td>22.1K</td>
<td>1</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$7.4</td>
<td>$7.05</td>
<td>$7.35</td>
<td>$37.50</td>
<td>$737.2K</td>
<td>22.1K</td>
<td>2.0K</td>
</tr>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$0.86</td>
<td>$0.85</td>
<td>$0.86</td>
<td>$35.00</td>
<td>$102.1K</td>
<td>5.2K</td>
<td>1.1K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$1.53</td>
<td>$1.46</td>
<td>$1.53</td>
<td>$42.50</td>
<td>$81.6K</td>
<td>18.8K</td>
<td>1.0K</td>
</tr>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$16.05</td>
<td>$15.9</td>
<td>$16.0</td>
<td>$55.00</td>
<td>$79.9K</td>
<td>620</td>
<td>50</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 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It 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.
Following our analysis of the options activities associated with Newmont, we pivot to a closer look at the company's own performance.
<h3>Where Is Newmont Standing Right Now?</h3>
<ul>
<li>With a volume of 2,377,025, the price of NEM is up 2.71% at $40.23. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 37 days.</li>
</ul>
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>.
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>.

Options

Markets

Newmont's Options Frenzy: What You Need to Know

WIIM

GOLD

Shares of precious metals stocks are trading higher amid a rise in the price of 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 8.51% since its last report. The company recently reported that it has 18.13 million shares sold short, which is 2.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.9 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/2025/1736267417_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 3.62%, 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

Short Ideas

Trading Ideas

How Is The Market Feeling About Newmont?

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 31 extraordinary options activities for Newmont. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 77% leaning bullish and 16% bearish. Among these notable options, 9 are puts, totaling $287,714, and 22 are calls, amounting to $2,601,084.
<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 $30.0 to $65.0 for Newmont over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Newmont options trades today is 2412.25 with a total volume of 10,184.00.
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 $30.0 to $65.0 over the last 30 days.
<h3>Newmont Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1735843529_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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>11/21/25</td>
<td>$3.3</td>
<td>$3.2</td>
<td>$3.2</td>
<td>$45.00</td>
<td>$320.0K</td>
<td>818</td>
<td>1.0K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/21/25</td>
<td>$9.05</td>
<td>$9.0</td>
<td>$9.05</td>
<td>$32.50</td>
<td>$270.5K</td>
<td>454</td>
<td>1</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$10.45</td>
<td>$10.35</td>
<td>$10.45</td>
<td>$30.00</td>
<td>$238.2K</td>
<td>55</td>
<td>229</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$9.05</td>
<td>$9.0</td>
<td>$9.05</td>
<td>$32.50</td>
<td>$193.6K</td>
<td>3.4K</td>
<td>231</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$7.55</td>
<td>$7.45</td>
<td>$7.55</td>
<td>$32.50</td>
<td>$189.5K</td>
<td>1.3K</td>
<td>253</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 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It 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>Where Is Newmont Standing Right Now?</h3>
<ul>
<li>With a volume of 4,043,630, the price of NEM is up 3.05% at $38.35. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 49 days.</li>
</ul>
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>.
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>.

Decoding Newmont's Options Activity: What's the Big Picture?

Gold prices are expected to continue their upward trajectory in 2025, though at a slower pace compared to last year's remarkable 27% rally. Analysts anticipate a 7% increase from current levels by the end of the year, signaling a more moderate yet steady rise.
What Happened: Wall Street analysts project that gold prices will climb to about $2,795 per troy ounce by the end of 2025, a 7% increase from current levels, Financial Times <a href="https://www.ft.com/content/9fa96c1d-03f2-4d25-9644-b29ae19407aa">reported</a> on Thursday. This forecast comes on the heels of significant central bank purchases, which saw global institutions buy 694 tonnes of gold in the first nine months of 2024.
Key drivers of the expected increase include central banks' diversification away from the U.S. dollar following sanctions on Russia, anticipated interest rate cuts by the U.S. Federal Reserve, and rising concerns about U.S. government debt under President-elect Donald Trump.
Henrik Marx, global head of trading at Heraeus Precious Metals, said, &#8220;Whatever he announces will increase debt, leading to a weaker dollar and increased inflation. That is usually a nice mixture for gold."
 Geopolitical tensions in the Middle East and Ukraine are also contributing to the bullish outlook for gold.
See Also: <a href="https://www.benzinga.com/tech/25/01/42757901/elon-musk-fireworks-or-explosive-device-caused-fatal-cybertruck-incident-at-las-vegas-trump-hotel-vehicle-was-rented">Elon Musk: Fireworks Or Explosive Device Caused Fatal Cybertruck Incident At Las Vegas Trump Hotel; Vehicle Was Rented</a>
Notably, Goldman Sachs has issued the most optimistic forecast, expecting prices to hit $3,000 per troy ounce by year's end. Meanwhile, Barclays and Macquarie have issued more conservative projections, predicting a drop to approximately $2,500 per troy ounce, a 4% decline from current levels. 
"Momentum is taking back over, combined with geopolitical tensions, which is going to add more fuel to the fire," said Michael Haigh, head of commodities research at Société Générale. Haigh predicts that gold prices could reach $2,900 per troy ounce by the end of 2025.
Why It Matters: Gold's role as a safe-haven asset remains prominent amid global economic uncertainties and geopolitical tensions. Central banks have been increasingly diversifying their reserves, moving away from the dollar to mitigate risks. The World Gold Council has described this year's growth as "positive but much more modest" compared to 2024.
However, the rise of alternative assets like Bitcoin ETFs is also reshaping the investment landscape. Investors are exploring new <a href="https://www.benzinga.com/etfs/currency-etfs/24/12/42750554/golds-shine-fades-as-bitcoin-etfs-rise-the-new-safe-haven-champion">safe-haven options</a>, potentially challenging gold's dominance in this space. The interplay between traditional and emerging assets will be a critical trend to watch in 2025.
Price Action: As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, gold ETFs have increased in the past one year, as of Tuesday, 31st Dec. SPDR Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) was up by 26.85%, iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) was rose by 26.85% and abrdn Physical Gold Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGOL#NYSE">SGOL</a>) was up by 26.90%. Meanwhile, Barrick Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>) fell by 14.32% over the year, Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) dropped by 10% while Royal Gold, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>) increased by 9%.
Read Also: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/01/42757978/bitcoin-ethereum-dogecoin-begin-new-year-on-a-healthy-note-analyst-says-this-blue-chip-crypto-can-witness-good-amount-of-action-in-early-2025">Bitcoin, Ethereum, Dogecoin Begin New Year On A Healthy Note: Analyst Says This Blue Chip Crypto Can Witness &#8216;Good Amount Of Action&#8217; In Early 2025</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

News

Commodities

General

RGLD

SGOL

Gold Prices To Climb 7% In 2025 Amid Trump's Return To White House And Geopolitical Tensions: 'Momentum Is Taking Back Over'

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 trades 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.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 17 uncommon options trades for Newmont.
This isn't normal.
The overall sentiment of these big-money traders is split between 70% bullish and 29%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $878,860, and 13 are calls, for a total amount of $1,463,819.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $25.0 to $60.0 for Newmont over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Newmont options trades today is 3719.23 with a total volume of 6,237.00.
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 $25.0 to $60.0 over the last 30 days.
<h3>Newmont Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735328719_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 align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$7.15</td>
<td>$7.05</td>
<td>$7.11</td>
<td>$45.00</td>
<td>$498.8K</td>
<td>7.8K</td>
<td align="right">700</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$6.05</td>
<td>$6.0</td>
<td>$6.0</td>
<td>$37.50</td>
<td>$300.0K</td>
<td>10.1K</td>
<td align="right">5</td>
</tr>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/21/25</td>
<td>$5.75</td>
<td>$5.65</td>
<td>$5.65</td>
<td>$40.00</td>
<td>$282.5K</td>
<td>689</td>
<td align="right">500</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$8.55</td>
<td>$8.5</td>
<td>$8.55</td>
<td>$32.50</td>
<td>$210.3K</td>
<td>3</td>
<td align="right">248</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$6.75</td>
<td>$6.65</td>
<td>$6.75</td>
<td>$35.00</td>
<td>$201.8K</td>
<td>1</td>
<td align="right">300</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 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It 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>Current Position of Newmont</h3>
<ul>
<li>Currently trading with a volume of 2,962,708, the NEM's price is down by -0.38%, now at $37.95. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 55 days.</li>
</ul>
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>.
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.

Spotlight on Newmont: Analyzing the Surge in Options Activity

The <a href="https://www.benzinga.com/topic/gold">glitter of gold </a>is losing its luster for two mining giants, Barrick Gold Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>) and Newmont Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), as both stocks have hit a <a href="https://www.benzinga.com/topic/death-cross">technical Death Cross</a>—a bearish signal when the 50-day moving average falls below the 200-day moving average. 
For those betting on these miners to sparkle, the charts suggest the treasure hunt may be on pause.
<h2 class="wp-block-heading">Barrick Gold Stock: Treading Below The Glitter Line</h2>
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="812" height="556" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/27094639/GOLD-Death-Cross.jpg" alt="" class="wp-image-709375" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/27094639/GOLD-Death-Cross.jpg 812w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/27094639/GOLD-Death-Cross-300x205.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/27094639/GOLD-Death-Cross-768x526.jpg 768w" sizes="(max-width: 812px) 100vw, 812px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122724&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Barrick Gold&#8217;s stock is down 11.97% year-to-date, with its recent performance offering little reason to cheer. The stock sits at $15.65, below its 20-day ($16.53) and 50-day ($17.86) simple moving averages.
While its relative strength index at 34.24 suggests it's approaching oversold territory, the MACD indicator, at a negative 0.61 confirms the bearish sentiment.
Adding a flicker of hope, GOLD&#8217;s eight-day SMA ($15.64) provides a faint bullish signal as the stock barely clings to this short-term moving average. 
But let's not get ahead of ourselves—geopolitical tensions and rising U.S. Treasury yields continue to cast a shadow over gold prices.
Read Also: <a href="https://www.benzinga.com/24/12/42409098/newmont-lays-off-senior-employees-pursuing-further-cost-controls">Newmont Lays Off Senior Employees Pursuing More Cost Controls</a>
<h2 class="wp-block-heading">Newmont Corp Stock: Gold's Gloomy Cousin</h2>
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="805" height="551" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/27094651/NEM-Death-Cross.jpg" alt="" class="wp-image-709376" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/27094651/NEM-Death-Cross.jpg 805w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/27094651/NEM-Death-Cross-300x205.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/27094651/NEM-Death-Cross-768x526.jpg 768w" sizes="(max-width: 805px) 100vw, 805px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122724&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Newmont, down 6.89% year-to-date, isn't faring any better. Its share price of $38.09 sits below its 20-day ($40.24), 50-day ($44.27), and 200-day ($44.86) SMAs—a trifecta of bearish indicators. 
The MACD reading of a negative 1.65 and an RSI of 32.28 suggest further downside is likely, with selling pressure mounting.
Even safe-haven demand for gold amid geopolitical tensions hasn't managed to prop up these miners. Rising U.S. dollar strength and Treasury yields have dampened gold's appeal, turning a potential golden opportunity into fool's gold for investors.
<h2 class="wp-block-heading">Outlook: Mining For Better Days?</h2>
With gold prices stuck between geopolitical jitters and the gravitational pull of stronger U.S. economic data, Barrick and Newmont's Death Cross signals are a clear warning for investors. 
Until the macroeconomic winds shift or gold prices break resistance, these mining heavyweights may find themselves digging deeper into bearish territory.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/24/12/42672565/why-trumps-return-to-office-could-drive-gold-demand-in-2025">Why Trump&#8217;s Return To Office Could Drive Gold Demand In 2025</a></li>
</ul>
Photo: Shutterstock

Technicals

Signals

Gold Mining Leaders Barrick, Newmont Sink Deeper As Death Cross Looms

The stock market has a well-documented tendency to deliver gains during the final trading days of December, a phenomenon known <a href="https://www.benzinga.com/24/12/42667439/us-stocks-to-open-higher-on-shortened-trading-day-as-santa-clause-rally-period-begins-says-analyst">as the &#8220;Santa Claus rally.&#8221; </a>
This period of optimism has historically brought cheer to investors, with the S&amp;P 500 gaining in 64 out of the last 96 years during the Dec. 24–Dec. 31 window, averaging a respectable 0.85% return, according to data from Seasonax.
The Santa Claus rally's most memorable performance occurred in 2018, when the S&amp;P 500 surged 6.6%, its strongest year-end rally on record. Close on its heels was 1933, which delivered a 5.5% rally.
On the flip side, 1937 and 2000 stand out as exceptions, with losses of 4.6% and 2.4%, respectively, over the same period.
The pattern holds true even during election years, offering hope to traders as 2024 wraps up. In the past 24 election years, the S&amp;P 500 has posted gains in 15 instances, averaging a modest 0.7% return. Notable rallies occurred in 2008, with a 4% rise, and in 1928, when the index climbed 3.4%.
<h3 class="wp-block-heading">10 Santa Rally Hyper Responders</h3>
For traders looking to capitalize on this seasonal tailwind, certain stocks have consistently outperformed during the Santa Claus rally window.
Here are 10 notable S&amp;P 500 stocks that have historically shone between Dec. 24 and Dec. 31 over the last 20 years:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Avg. Return</th>
<th>Median Return</th>
<th>Max Profit</th>
<th>Max Loss</th>
<th>Win Ratio</th>
</tr>
</thead>
<tbody>
<tr>
<td>Newmont Mining Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</td>
<td>+1.68%</td>
<td>+1.36%</td>
<td>+10.76%</td>
<td>-2.97%</td>
<td>65%</td>
</tr>
<tr>
<td>Illumina, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>)</td>
<td>+1.49%</td>
<td>+1.25%</td>
<td>+10.08%</td>
<td>-2.64%</td>
<td>60%</td>
</tr>
<tr>
<td>Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</td>
<td>+1.42%</td>
<td>+0.96%</td>
<td>+10.96%</td>
<td>-3.60%</td>
<td>60%</td>
</tr>
<tr>
<td>Assurant, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIZ#NYSE">AIZ</a>)</td>
<td>+1.41%</td>
<td>+0.56%</td>
<td>+14.33%</td>
<td>-4.07%</td>
<td>65%</td>
</tr>
<tr>
<td>Mohawk Industries, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>)</td>
<td>+1.32%</td>
<td>+1.22%</td>
<td>+8.81%</td>
<td>-3.94%</td>
<td>65%</td>
</tr>
<tr>
<td>Global Payments Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>)</td>
<td>+1.32%</td>
<td>+0.95%</td>
<td>+8.14%</td>
<td>-1.51%</td>
<td>75%</td>
</tr>
<tr>
<td>Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)</td>
<td>+1.28%</td>
<td>+0.52%</td>
<td>+9.27%</td>
<td>-2.89%</td>
<td>60%</td>
</tr>
<tr>
<td>Goldman Sachs Group, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>)</td>
<td>+1.27%</td>
<td>+0.39%</td>
<td>+10.40%</td>
<td>-1.41%</td>
<td>70%</td>
</tr>
<tr>
<td>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>)</td>
<td>+1.25%</td>
<td>+1.13%</td>
<td>+9.63%</td>
<td>-4.70%</td>
<td>60%</td>
</tr>
<tr>
<td>Ralph Lauren Corp. (NYSE RL)</td>
<td>+1.19%</td>
<td>+0.51%</td>
<td>+8.21%</td>
<td>-2.36%</td>
<td>65%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data: Seasonax</figcaption></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42671903/investors-aggressively-bought-stocks-etfs-despite-fed-volatile-week-bank-of-america-reveals-largest-inflows-since-2017">Investors Aggressively Bought Stocks, ETFs In Volatile Fed Week: Bank Of America Reveals Largest Inflows Since 2017</a></li>
</ul>
Photo: Shutterstock

Education

ILMN

Santa Claus Rally: 10 S&P 500 Stocks That Consistently Outperform During Year-End Optimism

Financial giants have made a conspicuous bearish move on Newmont. Our analysis of options history for Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) revealed 17 unusual trades.
Delving into the details, we found 41% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $1,501,139, and 7 were calls, valued at $711,269.
<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 $55.0 for Newmont over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Newmont stands at 2141.25, with a total volume reaching 3,328.00. 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 $35.0 to $55.0, throughout the last 30 days.
<h3>Newmont Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734969621_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 align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$17.3</td>
<td>$17.15</td>
<td>$17.25</td>
<td>$55.00</td>
<td>$391.5K</td>
<td>118</td>
<td align="right">228</td>
</tr>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$17.5</td>
<td>$17.4</td>
<td>$17.5</td>
<td>$55.00</td>
<td>$322.0K</td>
<td>118</td>
<td align="right">436</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$6.0</td>
<td>$4.95</td>
<td>$6.0</td>
<td>$37.50</td>
<td>$300.6K</td>
<td>8.9K</td>
<td align="right">510</td>
</tr>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$8.65</td>
<td>$8.55</td>
<td>$8.65</td>
<td>$45.00</td>
<td>$257.7K</td>
<td>4.8K</td>
<td align="right">302</td>
</tr>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$6.35</td>
<td>$6.25</td>
<td>$6.35</td>
<td>$42.50</td>
<td>$173.3K</td>
<td>3.1K</td>
<td align="right">300</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 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It 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>Current Position of Newmont</h3>
<ul>
<li>Currently trading with a volume of 1,927,050, the NEM's price is down by -1.89%, now at $37.55. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 59 days.</li>
</ul>
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This Is What Whales Are Betting On Newmont

It's the holiday season, but the stock market's festivities have been anything but cheerful this week.
At the week&#8217;s start traders were buoyed by a record-breaking Nasdaq 100 topping 22,000 and an optimistic outlook on interest rate cuts ahead <a href="https://www.benzinga.com/news/econ-s/24/12/42561549/fed-slashes-interest-rates-by-0-25-as-predicted-december-dot-plot-flags-only-2-potential-cuts-in-2025">of the Federal Reserve meeting</a>.
All signs pointed to the Santa Rally – a time Wall Street traditionally celebrates with stocks climbing during the final stretch of the year – making its grand entrance yet again in 2025.
Yet, just as traders were preparing for a festive year-end bull run, the Grinch arrived midweek to throw a wrench in the celebrations.
<h3 class="wp-block-heading">The Grinch Steals The Show</h3>
Wednesday marked a dramatic turn of events as the Federal Reserve's hawkish tone sent shockwaves through the markets. 
Chair Jerome Powell delivered a lump of coal to investors by declaring a "new phase" for monetary policy. While the Fed had already cut rates by 100 basis points since September, Powell hinted at a prolonged pause, citing rates moving &#8220;meaningfully&#8221; closer to neutral territory. 
The implications were clear: the days of aggressive cuts are over. Even worse than that, the Grinch didn&#8217;t rule out the possibility of a rate hike next year. This unexpected twist sent shivers down traders&#8217; spines, leaving markets rattled.
The CBOE Volatility Index or VIX – Wall Street's so-called fear gauge – spiked over 70% on Wednesday, its sharpest single-day surge since February 2018. 
The S&amp;P 500 and Dow Jones Industrial Average recorded their worst daily performances in over two years, while tech stocks sank like a stone in deep water.
Hopes for a Santa Rally seemed to crumble as the Grinch stole the show. 
<h3 class="wp-block-heading">A Christmas Miracle?</h3>
Just when it seemed all was lost, Friday brought a glimmer of hope—the kind of plot twist only a Christmas story could deliver. 
Fresh inflation data offered an unexpected gift to traders: the Fed's personal consumption expenditure (PCE) price index rose by 2.4% in November, falling short of the anticipated 2.5%. Even more encouraging, the core PCE, which excludes volatile food and energy prices, held steady at 2.8%, undercutting predictions of 2.9%.
This softer-than-expected inflation print was the equivalent to finding a shiny new toy under the tree.
Risk appetite rebounded swiftly, with traders rushing to scoop up the stocks battered during the week's earlier sell-off. 
Sentiment brightened, and with it, the Santa Rally narrative began to regain momentum.
<h3 class="wp-block-heading">The Santa Rally And Its Legacy</h3>
The stock market has a long-standing tendency to rally during the last trading days of December. 
According to data from Seasonax, the S&amp;P 500 has posted gains during the Dec. 20–Dec. 31 period in 76 out of the past 96 years, averaging a 1.92% return. Over the last eight years, this year-end rally has been remarkably consistent, delivering positive returns each time.
In the past three decades, the S&amp;P 500 has ended the year on a high note in 24 of 30 instances. Even the losses have been relatively mild, with the most recent December downturn occurring in 2022 when the index slipped by 1.8% during the final days.
With six trading days left in 2024, traders may still have time to save the Santa Rally.
<h3 class="wp-block-heading">10 Stocks To Watch For Year-End Gains</h3>
Looking back at 20 years of data, here are 10 standout names within the S&amp;P 500 index that have consistently delivered strong year-end performances: 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<th>Stock</th>
<th>Avg. Return</th>
<th>Max Gain</th>
<th>Max Loss</th>
<th>Win Ratio</th>
</tr>
<tr>
<td>Freeport-McMoRan Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>)</td>
<td>+3.63%</td>
<td>+14.63%</td>
<td>-13.51%</td>
<td>90%</td>
</tr>
<tr>
<td>Illumina, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>)</td>
<td>+3.62%</td>
<td>+20.76%</td>
<td>-2.56%</td>
<td>80%</td>
</tr>
<tr>
<td>Newmont Mining Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</td>
<td>+3.37%</td>
<td>+16.14%</td>
<td>-3.66%</td>
<td>75%</td>
</tr>
<tr>
<td>The Mosaic Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOS#NYSE">MOS</a>)</td>
<td>+3.29%</td>
<td>+13.26%</td>
<td>-5.98%</td>
<td>75%</td>
</tr>
<tr>
<td>Global Payments Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>)</td>
<td>+3.06%</td>
<td>+9.31%</td>
<td>-2.12%</td>
<td>75%</td>
</tr>
<tr>
<td>CBRE Group, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>)</td>
<td>+2.94%</td>
<td>+13.46%</td>
<td>-2.25%</td>
<td>75%</td>
</tr>
<tr>
<td>Invesco Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>)</td>
<td>+2.80%</td>
<td>+10.23%</td>
<td>-2.83%</td>
<td>70%</td>
</tr>
<tr>
<td>ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>)</td>
<td>+2.73%</td>
<td>+11.45%</td>
<td>-3.78%</td>
<td>70%</td>
</tr>
<tr>
<td>Mohawk Industries, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>)</td>
<td>+2.60%</td>
<td>+13.58%</td>
<td>-6.57%</td>
<td>70%</td>
</tr>
<tr>
<td>Western Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</td>
<td>+2.59%</td>
<td>+22.24%</td>
<td>-3.78%</td>
<td>65%</td>
</tr>
</tbody>
</table>
</figure>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42627985/which-magnificent-7-stock-will-gain-the-most-in-a-santa-claus-rally-28-select">Which Magnificent 7 Stock Will Do Best In Santa Claus Rally? Tesla Edged Out As 28% Select…</a></li>
</ul>
Photo: Courtesy of Shutterstock.

Equities

Macro Economic Events

Econ #s

Economics

Federal Reserve

CBRE

Traders Fight The Grinch To Save The Santa Rally: 10 S&P 500 Stocks Poised For A Year-End Surge

MTRN

PAAS

SBSW

SCCO

TECK

Shares of stocks in the broader metals and mining sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

In times of geopolitical uncertainty, investors often turn to stable assets like Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) <a href="https://www.benzinga.com/partner/commodities/24/12/42459580/some-anticipate-a-bear-market-in-2025-but-geopolitical-conflicts-may-continue-to-drive-gold-p">to protect their wealth.</a>
Just recently, AFP <a href="https://www.yahoo.com/news/under-fire-scholz-trigger-german-135928390.html?fr=sycsrp_catchall">reported </a>that German Chancellor Olaf Scholz lost a confidence vote, essentially marking the conclusion of his embattled administration. This political upheaval, coupled with the <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42465746/french-government-collapse-challenges-macrons-grip-on-power">French government&#8217;s collapse</a> earlier this month, has set the stage for safe-haven speculation.
Billed as the world&#8217;s leading gold company, NEM stock represents a proxy for the precious metal. Historically, investors have viewed gold as the ultimate form <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41390144/gold-could-reach-3-000-by-2025-bank-of-america-analyst-says-ultimate-perceived-safe">of wealth preservation.</a>
Another fundamental catalyst for higher precious metal prices is inflation. Analysts widely expect the Federal Reserve to announce a 25-basis-point <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42514008/fed-poised-to-cut-interest-rates-by-0-25-this-week-heres-why-your-focus-should-shift-to-other-signals">rate cut</a> on Wednesday. Naturally, this anticipated action has reignited inflation concerns, which, all other things being equal, should be positive for gold.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1022" height="591" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16145826/NEM-stock-12162024.jpg" alt="" class="wp-image-694602" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16145826/NEM-stock-12162024.jpg 1022w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16145826/NEM-stock-12162024-300x173.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/16145826/NEM-stock-12162024-768x444.jpg 768w" sizes="(max-width: 1022px) 100vw, 1022px" /></figure>
Finally, NEM stock appears to be sitting on a psychologically significant technical support line at $40 per share. While the security has been volatile since late October, the negative velocity has slowed in recent sessions. Therefore, intrepid investors may look to NEM as a bounce-back candidate.
Also Read: <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42514008/fed-poised-to-cut-interest-rates-by-0-25-this-week-heres-why-your-focus-should-shift-to-other-signals">Fed Poised To Cut Interest Rates By 0.25% This Week: Here&#8217;s Why Your Focus Should Shift To Other Signals</a>
<h2 class="wp-block-heading">Laying the Framework of the Bull Call Spread</h2>
Of course, the easiest mechanism to speculate on Newmont stock is to buy the company's shares in the open market. However, this approach lacks leverage. Currently, the gold producer carries a market capitalization of nearly $46 billion. Simply put, there's likely not going to be much movement in its share price.
Subsequently, many retail traders turn to buying call options. According to data from the New York Stock Exchange, these market participants <a href="https://www.nyse.com/data-insights/trends-in-options-trading#:~:text=As%20Chart%201%20below%20shows,%2C%20reaching%2045%25%20in%20July.">tend to buy low-priced options</a>; that is, far out-the-money derivatives that have little chance of being net profitable.
A better approach may be to deploy the <a href="https://www.benzinga.com/money/bull-spread">bull call spread</a>. Here, a trader buys a call for a particular options chain. However, the distinction between a straight call purchase and a bull call spread is that the trader simultaneously sells a call at a higher strike price (for the same expiration date).
To be fair, the structure of the trade caps the maximum reward (or payout) at the point represented by the higher short call strike. However, the benefit is twofold. First, the trader's net bullish position is discounted because the gross credit received from the short call helps partially offset the debit paid for the long call. Second, the threshold to profitability (i.e. the breakeven point) is effectively lowered by the aforementioned credit.
Therefore, the bull call spread allows traders to consider more probabilistically favorable transactions rather than taking longshot odds (such as "cheap" far OTM options).
<h2 class="wp-block-heading">Calculating an Ideal Spread for NEM Stock</h2>
With a popular security like Newmont stock, there are several bull call spreads to choose from. Ideally, though, the name of the game is to target spreads that are likely to be successful while also providing adequate payouts.
To better understand the market's anticipated move, traders can deploy a stochastic analysis to calculate the projected share price movement. This process involves multiplying the stock price with its option chain's implied volatility (IV) and time decay adjustment (or the square root of the calendar days to expiration divided by 365 days).
For example, the Dec. 27 options chain expires in 11 calendar days and features an <a href="https://optioncharts.io/options/NEM/volatility-skew?option_type=all&amp;expiration_dates=2024-12-27:w&amp;strike_range=all">average IV</a> of 28.75%. Assuming a share price of $40.05, the product of the three metrics comes out to just under $2. In other words, the market anticipates, at most, NEM stock to rise to $42.05 or, at worst, fall to $38.05 by Dec. 27.
A compelling idea within this options chain may be to consider the 39/41 bull call spread (buy the $39 call, sell the $41 call). At time of writing, the net debit paid comes out to $110 (which is also the most that can be lost in the trade). Should the trade be fully successful — which would involve NEM stock reaching $41 or higher — the reward would be $90 or a nearly 82% payout.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/12/42513807/trump-says-softbanks-100b-commitment-to-us-is-monumental-demonstration-of-confidence-in-americas-future">Trump Says SoftBank&#8217;s $100B Commitment To US Is &#8216;Monumental Demonstration Of Confidence In America&#8217;s Future&#8217;</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Eurozone

Options Corner: German Crisis Opens Safe-Haven Play In Newmont Call Options

Whales with a lot of money to spend have taken a noticeably bullish 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 20 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $437,295 and 14, calls, for a total amount of $1,356,261.
<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 $30.0 to $55.0 for Newmont over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Newmont stands at 3573.42, with a total volume reaching 18,285.00. 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 $55.0, throughout the last 30 days.
<h3>Newmont 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734374725_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</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>BULLISH</td>
<td>06/20/25</td>
<td>$2.42</td>
<td>$2.29</td>
<td>$2.39</td>
<td>$45.00</td>
<td>$358.5K</td>
<td>2.7K</td>
<td>1.5K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$6.2</td>
<td>$6.1</td>
<td>$6.1</td>
<td>$35.00</td>
<td>$244.2K</td>
<td>631</td>
<td>400</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$1.25</td>
<td>$1.24</td>
<td>$1.25</td>
<td>$45.00</td>
<td>$237.0K</td>
<td>11.3K</td>
<td>2.2K</td>
</tr>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$0.91</td>
<td>$0.9</td>
<td>$0.9</td>
<td>$35.00</td>
<td>$144.0K</td>
<td>6.7K</td>
<td>1.6K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/21/25</td>
<td>$3.85</td>
<td>$3.8</td>
<td>$3.85</td>
<td>$45.00</td>
<td>$115.1K</td>
<td>319</td>
<td>300</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 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It 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.
Following our analysis of the options activities associated with Newmont, we pivot to a closer look at the company's own performance.
<h3>Current Position of Newmont</h3>
<ul>
<li>With a trading volume of 4,814,346, the price of NEM is down by -0.29%, reaching $40.1.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 66 days from now.</li>
</ul>
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Market Whales and Their Recent Bets on NEM Options

Mexico's President Claudia Sheinbaum has announced a review of a controversial bill to ban <a target="_blank" href="https://www.benzinga.com/topic/mining" rel="noreferrer noopener">open-pit mining</a>. Congress approved the bill in July after debating balancing environmental protection with economic priorities.
"Open-pit mining warrants a thorough review, as activities such as sand extraction for cement production and lithium mining—critical for national development—are conducted using this method. It is vital to assess the specifics of the constitutional reform's provisions," Sheinbaum <a target="_blank" href="https://www.gob.mx/presidencia/articulos/version-estenografica-conferencia-de-prensa-de-la-presidenta-claudia-sheinbaum-pardo-del-6-de-diciembre-de-2024?idiom=es" rel="noreferrer noopener">said</a>.
Mexico's mining industry is a pillar of its economy, accounting for around 8% of its industrial GDP. In 2022, mining exports totaled $17.6 billion, generating a trade surplus of $12.8 billion. It directly employs over 370,000 workers and supports millions more in related industries such as logistics and equipment manufacturing.
Large operating open-pit mines include Newmont's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) Peñasquito and Southern Copper's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>) Buenavista. The ban would likely stop the San Nicolás copper-zinc project, a 50-50 partnership between Teck Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TECK#NYSE">TECK</a>) and Agnico Eagle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>).
CAMIMEX, Mexico's primary mining chamber, warned that an outright ban could reduce GDP by 1% and threaten nearly 200,000 jobs. Open-pit mining accounts for 60% of the country's mining production value and is critical for extracting key resources like gold, silver, copper and strategic minerals like lithium.
Under former President Andrés Manuel López Obrador (AMLO), Mexico's mining sector faced heavy restrictions. In 2023, AMLO nationalized lithium, declaring it a strategic resource for Mexico's energy independence and banning new concessions for private companies.
He also established a state-run lithium company and canceled multiple existing concessions, triggering international arbitration disputes.
While the bill passed Congress during his administration, Sheinbaum took over in October, becoming the first female president.
Unlike AMLO, she faces economic difficulties at the beginning of her six-year term. Without foreign capital, it will be hard to provide quality jobs, education, and healthcare.
Meanwhile, El Salvador's President Nayib Bukele is pushing to go in the opposite direction. In 2017, his predecessor implemented a total mining ban to protect the country's water resources.
Still, Bukele, a famous Bitcoin advocate, claims that the untapped mineral reserves could transform the economy.
"We potentially have the largest gold deposits per square kilometer in the world," he <a target="_blank" href="https://x.com/nayibbukele/status/1865129919870578791" rel="noreferrer noopener">stated</a>, arguing that responsible mining could generate $131 billion—equal to 380% of the country's GDP—from just 4% of identified reserves. Earlier this year, Bukele secured the second term, winning 84.65% of popular votes. With control over Congress, lifting the ban seems inevitable.
However, in contrast to Mexico, El Salvador is a small country, largely dependent on the Lempa River as a primary water source. Any large-scale operations, particularly in the gold-rich north of the country, could pollute this water flow and cause more problems for what it is worth.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/12/42475000/if-trump-starts-a-trade-war-canada-could-impose-export-taxes-on-oil-uranium-report" target="_blank" rel="noreferrer noopener">If Trump Starts A Trade War, Canada Could Impose Export Taxes On Oil, Uranium: Report</a></li>
</ul>
Photo via Shutterstock

Government

Regulations

Media

BATT

FLMX

LITP

MEXX

Mexico And El Salvador Ponder Different Mining Stances

Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), the world's largest gold mining company, has initiated senior employee layoffs as part of a broader restructuring strategy.
The company will dismiss at least ten senior managers and one executive, aligning its cost-cutting with an effort to <a target="_blank" href="https://www.benzinga.com/24/12/42367959/newmont-exits-ccv-with-275m-sale-bolsters-focus-on-core-gold-and-copper-assets" rel="noreferrer noopener">focus on Tier 1 operations</a>.
"A big part of our commitment is to deliver $100 million of free cash flow by bringing Newmont and Newcrest together&#8230;there is a reduction in headcount in order to achieve those synergies," CEO Tom Palmer stated, explaining the plan <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/02/37287732/gold-miner-newmont-looks-to-sell-assets-reduce-8b-debt-load" rel="noreferrer noopener">earlier this year</a>.
Despite these efforts, the company continues to grapple with higher-than-expected costs at mines in Australia, Canada, and Papua New Guinea. People familiar with the matter <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-12-09/newmont-cuts-management-jobs-in-major-corporate-restructuring?srnd=phx-industries-energy" rel="noreferrer noopener">spoke to Bloomberg</a> about the layoffs, stating that Palmer faced criticism from major investors after a disappointing earnings report in October.
Now read: <a target="_blank" href="https://www.benzinga.com/24/12/42360000/mali-escalates-mining-tensions-targets-barrick-ceo-with-arrest-warrant" rel="noreferrer noopener">Mali Escalates Mining Tensions, Targets Barrick CEO With Arrest Warrant</a>
The major restructuring follows a $15 billion acquisition of Newcrest Mining in 2023, which expanded its workforce from 14,000 to nearly 22,000 employees.
While the acquisition brought in much-needed mineral reserves, the increase in headcount also impacted costs across the board, not only in top-tier jurisdictions that generally have high labor costs.
Along with the layoffs, the company plans to merge several business units to streamline reporting structures. Five divisions will be consolidated into three, eliminating standalone units overseeing operations in Australia and Africa and integrating them with North America and East Asia divisions.
As part of its effort to focus on Tier 1 assets, Newmont has sold smaller operations, including mines in Australia, Canada, and Ghana. The divestitures, including the Tanami and Kalgoorlie mines, have <a target="_blank" href="https://www.benzinga.com/news/asset-sales/24/11/42202141/newmont-sells-mine-for-795-million-barrick-expands-reserves-top-miners-unfazed-by-underperformance" rel="noreferrer noopener">collectively raised $3.8 billion</a>, helping the company strengthen its balance sheet while prioritizing high-margin projects.
While Newmont's management works on streamlining its portfolio and focusing on world-class operations, the market has yet to recognize its efforts.
Gold has been one of the best-performing asset classes, rising around 34% year-to-date. Meanwhile, Newmont's stock has gained only 2%, trailing significantly behind its most coveted product.
<h2 class="wp-block-heading">Is Newmont A Good Stock To Buy?</h2>
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages &#8211; like <a href="https://www.benzinga.com/quote/NEM">Newmont</a>&#8216;s page for example &#8211; there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Newmont does pay a dividend, which yields 2.35% per year as of the closing price on Dec. 10, 2024. Feel free to search Benzinga's <a href="https://www.benzinga.com/calendars/dividends">dividend calendar</a> for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
For example, if you're looking to earn an annualized return of 11.78%, you'll need to buy a share of Monroe Cap by the Dec. 16, 2024. Once done, you can expect to receive a nominal payout of $0.25 on Dec. 30, 2024.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/NEM">Newmont</a> will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42385859/lundin-exits-europe-for-15-billion-turns-focus-to-south-america" target="_blank" rel="noreferrer noopener">Lundin Exits Europe For $1.5 Billion, Turns Focus To South America</a></li>
</ul>
Photo via Shutterstock

Large Cap

Newmont Lays Off Senior Employees Pursuing More Cost Controls

<a href="https://www.bloomberg.com/news/articles/2024-12-09/newmont-cuts-management-jobs-in-major-corporate-restructuring" title="https://www.bloomberg.com/news/articles/2024-12-09/newmont-cuts-management-jobs-in-major-corporate-restructuring">https://www.bloomberg.com/news/articles/2024-12-09/newmont-cuts-management-jobs-in-major-corporate-restructuring</a>

Management

'Newmont Cuts Management Jobs In Major Corporate Restructuring; Quarterly Results Showed Higher Costs, Weaker Free Cash Flow; Top Gold Miner's Shares Have Lagged This Year's Gold Rally' - Bloomberg News

Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) disclosed the sale of its Cripple Creek &amp; Victor operation in Colorado to SSR Mining Inc. <a href="https://www.benzinga.com/pressreleases/24/12/b42360696/newmont-announces-agreement-to-divest-cc-v-for-up-to-275-million" target="_blank" rel="noreferrer noopener">for up to $275 million in cash</a>.
As per the terms of the agreement, Newmont will receive up to $275 million in gross proceeds. This includes $100 million in cash, payable at closing.
Additionally, Newmont will receive $87.5 million in contingent cash upon securing pending regulatory approvals.
A further $87.5 million will be paid upon resolving regulatory applications related to the Carlton Tunnel.
With this transaction, Newmont will have generated up to $3.9 billion in gross proceeds from non-core asset sales and investments.
The deal is expected to close in the first-quarter of 2025, subject to customary conditions.
Newmont will cover 90% of any incremental closure costs exceeding $500 million at CC&amp;V, as outlined in an updated regulator-approved closure plan.
This funding can be provided on an as-incurred basis or through a net present value lump-sum payment.
&#8220;We are excited to announce the continuation of our divestment program to streamline the Newmont portfolio as the leading operator of Tier 1 gold and copper assets,&#8221; said Tom Palmer, Newmont&#8217;s President and Chief Executive Officer. 
In February 2024, Newmont disclosed its plans to divest non-core assets, including six operations and two projects across its Australian,<a target="_blank" href="https://www.benzinga.com/news/large-cap/24/02/37287732/gold-miner-newmont-looks-to-sell-assets-reduce-8b-debt-load" rel="noreferrer noopener"> Ghanaian, and North American business units</a>.
With definitive agreements in place for four additional operations, the company aims to finalize its non-core asset divestiture program by Q1 2025.
Total gross proceeds from transactions announced in 2024 <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">are expected to reach up to $3.9 billion</a>.
Last month, the company sold its&nbsp;Éléonore&nbsp;mine in Quebec Tuesday to London-based&nbsp;<a target="_blank" href="https://www.benzinga.com/news/asset-sales/24/11/42202141/newmont-sells-mine-for-795-million-barrick-expands-reserves-top-miners-unfazed-by-underperformance" rel="noreferrer noopener">Dhilmar</a><a target="_blank" href="https://www.benzinga.com/news/asset-sales/24/11/42202141/newmont-sells-mine-for-795-million-barrick-expands-reserves-top-miners-unfazed-by-underperformance" rel="noreferrer noopener">&nbsp;for $795 million in cash</a>.
Investors can gain exposure to the stock via&nbsp;iShares MSCI Global Gold Miners ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RING#NASDAQ">RING</a>) and&nbsp;VanEck Gold Miners ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>).
Price Action: NEM shares are up 0.97% at $41.46 at the last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42044353/newmont-strikes-850m-deal-to-sell-musselwhite-mine-bolstering-2b-asset-sales-streak" target="_blank" rel="noreferrer noopener">Newmont Strikes Deal To Sell Musselwhite Gold Mine, Bolstering $2 Billion Asset Sales Streak</a></li>
</ul>
Photo: Shutterstock

Market Vectors ETF Trust Market Vectors Gold Miners

RING

Newmont Sells Colorado Mine For $275 Million, Refocuses On Gold, Copper

Newmont Corporation Agreed To Sell Its Cripple Creek & Victor Operation In Colorado, USA, To SSR Mining Inc. For Up To $275M In Cash Consideration; Upon Closing The Announced Transactions, Newmont Will Have Delivered Up To $3.9B In Gross Proceeds From Non-core Asset Divestitures And Investment Sales

Financial giants have made a conspicuous bearish move on Newmont. Our analysis of options history for Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) revealed 22 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $793,136, and 10 were calls, valued at $1,178,399.
<h3>Projected Price Targets</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 $45.0 for Newmont during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
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 $35.0 to $45.0 in the last 30 days. 
<h3>Newmont Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733244329_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>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$2.32</td>
<td>$2.29</td>
<td>$2.29</td>
<td>$42.50</td>
<td>$263.9K</td>
<td>792</td>
<td>1.1K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.85</td>
<td>$2.7</td>
<td>$2.8</td>
<td>$40.00</td>
<td>$248.3K</td>
<td>13.0K</td>
<td>919</td>
</tr>
<tr>
<td>NEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$1.14</td>
<td>$1.11</td>
<td>$1.13</td>
<td>$37.50</td>
<td>$197.4K</td>
<td>6.6K</td>
<td>4.7K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$6.9</td>
<td>$6.75</td>
<td>$6.8</td>
<td>$37.50</td>
<td>$189.0K</td>
<td>956</td>
<td>302</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$2.33</td>
<td>$2.29</td>
<td>$2.29</td>
<td>$42.50</td>
<td>$168.5K</td>
<td>792</td>
<td>1.9K</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 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It 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>Where Is Newmont Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 3,365,651, the NEM's price is up by 3.08%, now at $42.17. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 79 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
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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.

What the Options Market Tells Us About Newmont

The U.S. division of Stoli Group hopes to get a deal under <a href="https://www.benzinga.com/topic/bankruptcy">Chapter 11 bankruptcy protection</a>. 
The company applied on Nov. 27 to the U.S. Bankruptcy Court in the Northern District of Texas. 
Stoli Group USA, based in New York, and Kentucky Owl American whiskey business plan to restructure all assets, valued up to $500 million. See below. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Stoli Group USA Files Chapter 11 with Up to $500M in Assets, Affiliate Kentucky Owl Joins Restructuring BANKRUPTCY FILING ALERT &#x1f6a8; Stoli Group (USA), LLC Chapter 11 &#8211; Northern District of Texas Filed: 11/27/2024 Case No. 24-80146 &#x1f4ca; Assets: $100M-$500M &#x7C; Liabilities:… <a href="https://t.co/TSZG8Hcd3e">pic.twitter.com/TSZG8Hcd3e</a>
&mdash; RK &#x7C; Consultants (@_RKConsultants) <a href="https://twitter.com/_RKConsultants/status/1861924768653390088?ref_src=twsrc%5Etfw">November 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h3 class="wp-block-heading">New On The Block</h3>
<ul>
<li>Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) is auctioning off its credit card unit after just three years of ownership, per <a href="https://www.bloomberg.com/news/articles/2024-11-22/ally-financial-is-said-to-weigh-sale-of-credit-card-business?srnd=phx-deals">Bloomberg</a>. The Detroit-based auto lender acquired the segment in 2021 for $750 million. </li>
<li>D.W. Shaw hired Alantra Partners to run the sale process for its Spanish non-performing loans and real estate assets, <a href="https://www.bloomberg.com/news/articles/2024-11-22/d-e-shaw-is-seeking-to-sell-400-million-in-spanish-assets?srnd=phx-deals">Bloomberg</a> reports. The value of the portfolio is roughly €380 million (US$402 million). </li>
<li>Mumbai-based Edelweiss Financial Services of India hired Nomura to find a buyer for a minority stake in its mutual fund business, which could have a total valuation of $700 million to $800 million, according to <a href="https://economictimes.indiatimes.com/mf/mf-news/edelweiss-hires-nomura-for-mutual-fund-unit-stake-sale/articleshow/115646343.cms?from=mdr">the Economic Times</a>.</li>
</ul>
See Also: <a href="https://www.benzinga.com/news/large-cap/24/11/42249801/fridays-top-5-trending-stocks-whats-going-on-with-smci-nvidia-microstrategy">Friday&#8217;s Top 5 Trending Stocks: What&#8217;s Going On With SMCI, Nvidia, MicroStrategy?</a>
<h3 class="wp-block-heading">Updates From The Block</h3>
<ul>
<li>The Container Store has been unable to ink a deal or find financing. According to <a href="https://www.cnn.com/2024/11/29/business/the-container-store-black-friday-shopping/index.html">CNN</a>, the Coppell, Texas-based company — known for selling bins — hoped for a $40 million financial lifeline from Beyond, the owner of Bed Bath &amp; Beyond and Overstock.com. But, the agreement hasn&#8217;t worked out and now the franchise is on the verge of bankruptcy, although it hasn&#8217;t filed yet. </li>
</ul>
<ul>
<li>Anglo American&nbsp;(LSE: AAL) agreed to sell its Australian steelmaking coal mines to Peabody Energy&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTU#NYSE">BTU</a>) <a href="https://www.benzinga.com/24/11/42166102/anglo-american-sells-coal-portfolio-for-38-billion-continues-restructuring">for about $3.8 billion</a>. This comes just days before mining giant BHP Group Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) is allowed to renew its takeover efforts for Anglo American.</li>
</ul>
<ul>
<li>Acquisition-hungry UniCredit (Milan: UCG) offered to acquire Italian lender Banco BPM (Milan: BAMI). The €10 billion offer was rejected, according to <a href="https://www.axios.com/2024/11/25/unicredit-italian-bank?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=newsletter_axiosprorata&amp;stream=top">Axios</a>. UniCredit also wants to buy Germany-based Commerzbank.</li>
</ul>
<ul>
<li>Gold miner Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) sold its Éléonore mine in Quebec Tuesday to London-based Dhilmar <a href="https://www.benzinga.com/news/asset-sales/24/11/42202141/newmont-sells-mine-for-795-million-barrick-expands-reserves-top-miners-unfazed-by-underperformance">for $795 million in cash</a>. The sale follows Newmont's strategy to divest non-core assets following its milestone acquisition of Newcrest Mining in 2023. </li>
</ul>
<ul>
<li>Schneider National, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNDR#NYSE">SNDR</a>) disclosed that it has agreed to acquire Cowan Systems, LLC and its affiliates for approximately <a href="https://www.benzinga.com/news/mid-cap/24/11/42170700/schneider-expands-its-fleet-390-million-cowan-systems-deal-supercharges-dedicated-services">$390 million in cash</a>, subject to adjustments. The deal also includes a separate purchase of related real estate assets for $31 million. </li>
</ul>
For last week&#8217;s Deal Dispatch, <a href="https://www.benzinga.com/markets/commodities/24/11/42147945/deal-dispatch-starbucks-considers-china-sale-private-equity-bankrupts-snack-company-darwin-financial-talks-mining">click here</a>.
Now Read: 
<ul>
<li>Trump&#8217;s Proposed Tariffs Target Mexico, Canada, US Automakers; Wall Street Shrugs Off Concerns, Soars To Record Highs: This Week In The Markets</li>
</ul>
Image: Benzinga

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