NEWMONT CORPORATION Stock Hits Price Target Forecast with 22.4% Profit

QuantWave's forecast for NEWMONT CORPORATION proved to be successful as the stock reached the predicted price target on August 5, 2025. The forecast signal, given on September 24, 2024, recommended a long position at a price of 54.75 $. The stock price eventually hit 67.02 $, yielding a profit of 22.4%.

Market analysis suggests that several factors contributed to this achievement. NEWMONT CORPORATION, being a leading gold mining company, benefited from the rise in gold prices during the forecast period. Additionally, positive earnings reports and increased investor confidence also played a role in driving the stock price higher.

This success in forecasting the price target for NEWMONT CORPORATION is a testament to the accuracy and reliability of QuantWave's analytics. As an automated forecasting platform, QuantWave provides users with insights and predictions for a wide range of stocks, offering opportunities for potential profits. For those interested in delving deeper into the investment strategy behind QuantWave, exploring the educational resources of QuantSchool is recommended. QuantSchool provides a comprehensive professional investment framework that outlines the key principles for generating consistent income using the QuantWave forecasting system.