Newmont Corporation (NEM) is gaining momentum as strength in gold prices and improving profitability continue to attract investor interest in the mining sector. Recent coverage has highlighted the company’s substantial operating margins and strong cash generation, supported by elevated gold prices. Newmont’s third-quarter results reinforced that outlook, with adjusted net income reaching $2.3 billion, free cash flow totaling $1.9 billion, and adjusted earnings of $2.20 per share. Management also improved its full-year cost guidance, reflecting greater operating efficiency. These developments provide a favorable fundamental backdrop for Newmont, particularly as investors seek exposure to precious metals and companies benefiting from higher gold prices. Take a look at the chart.

NEM gained 3.52% Monday, closing at $125.16 as shares continued their recent bullish reversal. The stock has climbed above its 8-, 21-, and 55-day exponential moving averages, signaling improving short-term momentum. The PPO recently completed a bullish crossover, with its expanding positive histogram suggesting buying pressure is accelerating. The ADX stands at 20.46 and is beginning to strengthen, while the +DI at 36.34 remains comfortably above the -DI at 20.34, indicating buyers are gaining control. Meanwhile, the RSI at 62.60 reflects healthy bullish momentum without reaching overbought territory. With an ATR of $4.76, NEM has sufficient daily price movement to support a short-term options trade. A sustained move above resistance near $127.56 could open the door toward $132.36, while support around $119.80 provides an important level to monitor.

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