Newmont stock is trading -33.34% below its average target price of $63.4 after dropping -1.3% during today's afternoon session. Analysts are giving the Large-Cap Silver company an average rating of buy and target prices ranging from $58.91 to $67.9 per share.
The stock has an average amount of shares sold short at 2.6%, and a short ratio of 2.13. At 0.1%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that an average number of institutional investors are invested in the stock, with 71.0% of Newmont's shares being owned by this investor type.
Institutions Invested in Newmont
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 12% | 134,940,345 | $5,702,578,753 |
| 2024-03-31 | Blackrock Inc. | 10% | 113,974,491 | $4,816,561,798 |
| 2024-03-31 | State Street Corporation | 5% | 51,954,152 | $2,195,582,376 |
| 2024-03-31 | Van Eck Associates Corporation | 4% | 49,628,982 | $2,097,320,696 |
| 2024-03-31 | Bank Of New York Mellon Corporation | 2% | 23,224,150 | $981,452,540 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 23,180,616 | $979,612,793 |
| 2024-03-31 | First Eagle Investment Management, LLC | 2% | 17,489,441 | $739,103,747 |
| 2024-03-31 | Deutsche Bank Aktiengesellschaft | 1% | 15,134,323 | $639,576,464 |
| 2023-12-31 | Norges Bank Investment Management | 1% | 14,604,963 | $617,205,711 |
| 2024-03-31 | Northern Trust Corporation | 1% | 12,132,758 | $512,730,332 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Newmont.
