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NEM Forecast

Bearish <—> Bullish

80% Confidence

Bullish Case: Strong fundamentals and strategic acquisitions position Newmont for growth, supported by high gold prices.

Bearish Case: Rising operational costs and geopolitical risks threaten profitability, with volatility indicating potential downturns.

Potential Outcomes: Gold price surge (70%), successful mergers (60%), operational challenges persist (40%), geopolitical tensions impact (30%).

Trading Oracle: Buy a debit spread: Purchase the 2025 $40 call, sell the $45 call. High reward:risk with medium-term bullish outlook, leveraging elevated implied volatilities and favorable market conditions. Anticipate volatile sideways to positive movements over 30-60 days.

January 09, 2025

Newmont Forecast

NEM Newmont

Price Forecast
Future Uncertainty

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Uncorrelated Assets

Assets with little price relationship to NEM

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Anticorrelated Assets

Assets that tend to move strongly against NEM

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