Newmont stock is trading -11.25% below its average target price of $54.66 after dropping -2.1% during today's afternoon session. Analysts are giving the Large-Cap Silver company an average rating of buy and target prices ranging from $45.0 to $80.0 per share.
Newmont's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.9%. The stock's short ratio is 2.26. At 0.1%, 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 72.0%. In conclusion, we believe there is mixed market sentiment regarding Newmont.
Institutions Invested in Newmont
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 12% | 134,940,345 | $6,545,955,909 |
| 2024-03-31 | Blackrock Inc. | 10% | 113,974,491 | $5,528,902,367 |
| 2024-03-31 | State Street Corporation | 5% | 51,954,152 | $2,520,295,826 |
| 2024-06-30 | Van Eck Associates Corporation | 4% | 50,918,066 | $2,470,035,296 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 23,180,616 | $1,124,491,643 |
| 2024-06-30 | Bank Of New York Mellon Corporation | 2% | 23,209,649 | $1,125,900,034 |
| 2024-03-31 | First Eagle Investment Management, LLC | 2% | 17,489,441 | $848,412,753 |
| 2024-03-31 | Deutsche Bank Aktiengesellschaft | 1% | 15,134,323 | $734,165,983 |
| 2023-12-31 | Norges Bank Investment Management | 1% | 14,604,963 | $708,486,730 |
| 2024-03-31 | Northern Trust Corporation | 1% | 12,132,758 | $588,560,070 |
