This afternoon we watched Newmont rise 5.3% to a price of $39.78 per share. The large-cap Silver company is now trading -44.82% below its average target price of $72.1. Analysts have set target prices ranging from $53.05 to $82.31 per share for Newmont, and have given the stock an average rating of hold.
Newmont's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.0%. The stock's short ratio is 1.11. 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 58.4%. In conclusion, we believe there is mixed market sentiment regarding Newmont.
Institutions Invested in Newmont
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Blackrock Inc. | 12% | 92,824,554 | $3,693,024,866 |
| 2023-09-30 | Vanguard Group Inc | 10% | 82,578,928 | $3,285,402,637 |
| 2023-09-30 | State Street Corporation | 5% | 37,465,034 | $1,490,546,371 |
| 2023-09-30 | Van Eck Associates Corporation | 4% | 32,625,855 | $1,298,019,636 |
| 2023-09-30 | Deutsche Bank Aktiengesellschaft | 2% | 18,438,706 | $733,583,915 |
| 2023-09-30 | First Eagle Investment Management, LLC | 2% | 18,281,003 | $727,309,701 |
| 2023-09-30 | Charles Schwab Investment Management, Inc. | 2% | 17,003,452 | $676,482,335 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 14,863,767 | $591,354,967 |
| 2023-09-30 | Flossbach von Storch AG | 2% | 14,180,028 | $564,152,411 |
| 2023-09-30 | Morgan Stanley | 1% | 10,906,559 | $433,917,448 |
