Newmont stock is trading -46.23% below its average target price of $78.42 after marking a 1.4% during today's afternoon session. Analysts are giving the large-cap Silver company an average rating of hold and target prices ranging from $58.22 to $94.35 per share.
Newmont's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.9%. The stock's short ratio is 2.42. The company's insiders own 0.11% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 81.6%. In conclusion, we believe there is mixed market sentiment regarding Newmont.
Institutions Invested in Newmont
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Blackrock Inc. | 12% | 95,023,960 | $4,007,160,219 |
| 2023-03-31 | Vanguard Group, Inc. (The) | 9% | 70,142,382 | $2,957,904,120 |
| 2023-03-31 | State Street Corporation | 5% | 40,231,950 | $1,696,581,257 |
| 2023-03-31 | Van Eck Associates Corporation | 4% | 33,949,248 | $1,431,639,725 |
| 2023-03-31 | First Eagle Investment Management, LLC | 2% | 18,430,298 | $777,205,632 |
| 2023-03-31 | Deutsche Bank Aktiengesellschaft | 2% | 17,968,912 | $757,748,986 |
| 2023-03-31 | Charles Schwab Investment Management, Inc. | 2% | 15,728,029 | $663,250,954 |
| 2023-03-31 | FMR, LLC | 2% | 14,718,524 | $620,680,130 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 14,289,705 | $602,596,833 |
| 2023-03-31 | Flossbach von Storch AG | 2% | 13,892,539 | $585,848,344 |
