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NEM
Benzinga
118 days

Golden Cross Glitter: Newmont Q1 Earnings Loom As Technicals Shine

1. NEM set to report first-quarter earnings; expectations are $0.55 EPS, $3.3 billion revenue. 2. Stock is up 39.41% over the past year, indicating strong year-to-date performance. 3. Golden Cross signals bullish momentum, but RSI suggests caution amid selling pressure. 4. Analysts project 11% upside, with a consensus price target of $53.40. 5. Technical indicators favor bulls, but volatility could shift balance post-earnings.

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FAQ

Why Bullish?

NEM's strong technical setup and high analyst targets suggest positive price movement. Historical trends show stocks often rally post-positive earnings, further supporting this view.

How important is it?

Earnings reports directly affect price actions; strong expectations and bullish indicators suggest notable impact.

Why Short Term?

Earnings results are imminent, significantly influencing stock prices in the coming days.

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