NEWMONT CORPORATION Hits Price Target Forecast with 13.09% Profit

NEWMONT CORPORATION (NEM) investors are celebrating as the stock has successfully reached the price target forecast set by QuantWave, yielding a profit of 13.09%.
The forecast signal date was July 2, 2024, with the stock trading at $40.83. The prediction indicated a long position, and on July 11, 2024, NEWMONT hit the target price of $46.17.

The achievement of this forecast showcases the accuracy and reliability of QuantWave's analytics in predicting stock movements. Investors who followed the forecast have reaped significant profits, highlighting the potential for success when utilizing QuantWave's forecasting capabilities.

Market analysis suggests that factors such as strong financial performance, favorable market conditions, and positive investor sentiment likely contributed to NEWMONT's upward movement. Additionally, the overall bullish trend in the precious metals sector may have played a role in the stock's performance.

QuantWave continues to provide valuable insights and predictions for a wide range of stocks, offering opportunities for investors to capitalize on market trends and maximize profits. For those interested in enhancing their investment strategy, QuantSchool offers a comprehensive framework for leveraging the QuantWave forecasting system effectively.