Newmont stock is trading -47.62% below its average target price of $72.11 after dropping -2.8% during today's evening session. Analysts are giving the large-cap Silver company an average rating of hold and target prices ranging from $53.06 to $82.33 per share.
The stock has an average amount of shares sold short at 2.0%, and a short ratio of 1.11. The company's insiders own 0.11% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 58.3% of Newmont's shares being owned by this investor type.
Institutions Invested in Newmont
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Blackrock Inc. | 12% | 92,824,554 | $3,505,983,447 |
| 2023-09-30 | Vanguard Group Inc | 10% | 82,578,928 | $3,119,006,148 |
| 2023-09-30 | State Street Corporation | 5% | 37,465,034 | $1,415,054,351 |
| 2023-09-30 | Van Eck Associates Corporation | 4% | 32,625,855 | $1,232,278,558 |
| 2023-09-30 | Deutsche Bank Aktiengesellschaft | 2% | 18,438,706 | $696,429,934 |
| 2023-09-30 | First Eagle Investment Management, LLC | 2% | 18,281,003 | $690,473,491 |
| 2023-09-30 | Charles Schwab Investment Management, Inc. | 2% | 17,003,452 | $642,220,389 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 14,863,767 | $561,404,486 |
| 2023-09-30 | Flossbach von Storch AG | 2% | 14,180,028 | $535,579,664 |
| 2023-09-30 | Morgan Stanley | 1% | 10,906,559 | $411,940,738 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Newmont.
