This afternoon we watched Newmont rise 5.2% to a price of $39.7 per share. The Large-Cap Silver company is now trading -27.21% below its average target price of $54.54. Analysts have set target prices ranging from $45.09 to $63.99 per share for Newmont, and have given the stock an average rating of buy.
Newmont's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.5%. The stock's short ratio is 1.21. At 0.09%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.
Another number to watch is the company's rate of institutional share ownership, which now stands at 71.5%. In conclusion, we believe there is mixed market sentiment regarding Newmont.
Institutions Invested in Newmont
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Blackrock Inc. | 10% | 119,116,634 | $4,728,930,460 |
| 2023-12-31 | Vanguard Group Inc | 10% | 118,749,923 | $4,714,372,033 |
| 2023-12-31 | Van Eck Associates Corporation | 4% | 51,290,469 | $2,036,231,658 |
| 2023-12-31 | State Street Corporation | 4% | 50,628,273 | $2,009,942,476 |
| 2023-12-31 | Charles Schwab Investment Management, Inc. | 2% | 24,639,109 | $978,172,646 |
| 2023-12-31 | First Eagle Investment Management, LLC | 2% | 23,756,158 | $943,119,490 |
| 2023-12-31 | Geode Capital Management, LLC | 2% | 21,704,341 | $861,662,354 |
| 2023-12-31 | Deutsche Bank Aktiengesellschaft | 2% | 18,760,234 | $744,781,304 |
| 2023-12-31 | Bank Of New York Mellon Corporation | 1% | 16,607,005 | $659,298,111 |
| 2023-12-31 | Norges Bank Investment Management | 1% | 14,604,963 | $579,817,042 |
