Newmont stock is trading -49.39% below its average target price of $75.9 after dropping -1.0% during today's afternoon session. Analysts are giving the large-cap Silver company an average rating of hold and target prices ranging from $51.15 to $94.09 per share.
Newmont's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 4.5%. The stock's short ratio is 3.81. 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 82.1%. In conclusion, we believe there is mixed market sentiment regarding Newmont.
Institutions Invested in Newmont
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Blackrock Inc. | 13% | 99,433,731 | $3,819,746,867 |
| 2023-06-30 | Vanguard Group Inc | 9% | 70,218,153 | $2,697,430,411 |
| 2023-06-30 | State Street Corporation | 5% | 40,353,343 | $1,550,173,708 |
| 2023-06-30 | Van Eck Associates Corporation | 4% | 33,368,384 | $1,281,846,501 |
| 2023-06-30 | Deutsche Bank Aktiengesellschaft | 2% | 18,903,184 | $726,165,830 |
| 2023-06-30 | First Eagle Investment Management, LLC | 2% | 18,452,280 | $708,844,353 |
| 2023-06-30 | Charles Schwab Investment Management, Inc. | 2% | 16,520,075 | $634,618,696 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 14,610,735 | $561,271,398 |
| 2023-06-30 | Flossbach von Storch AG | 2% | 14,296,942 | $549,217,040 |
| 2023-06-30 | Morgan Stanley | 2% | 12,718,062 | $488,564,363 |
