NEWMONT CORPORATION Stock Hits Price Target Forecast with 23.52% Profit - QuantWave

On June 11, 2024, QuantWave issued a forecast signal for NEWMONT CORPORATION (NEM) with a price target of 49.15 $, predicting a long position. The stock was trading at 39.79 $ at the time of the signal, and on August 16, 2024, the target was reached, resulting in a profit of 23.52%.

The successful achievement of this price target highlights the accuracy and effectiveness of QuantWave's forecasting capabilities. The market analysis leading to this forecast likely considered various factors such as industry trends, company performance, economic indicators, and market sentiment. Investors who followed this forecast would have capitalized on a significant profit opportunity.

QuantWave is a leading automated forecasting platform that provides predictions for a wide range of stocks, offering users the potential for profitable trading opportunities. For those interested in delving deeper into the investment strategy behind QuantWave, QuantSchool offers comprehensive educational resources that outline the key principles for generating consistent income using the QuantWave forecasting system.