Newmont stock is trading -26.79% below its average target price of $57.7 after marking a 3.2% 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 $72.74 per share.
Newmont's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.1%. The stock's short ratio is 1.78. 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 73.8%. In conclusion, we believe there is mixed market sentiment regarding Newmont.
Institutions Invested in Newmont
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 12% | 135,641,786 | $5,730,187,104 |
| 2024-09-30 | Blackrock Inc. | 11% | 120,300,644 | $5,082,100,577 |
| 2024-09-30 | Van Eck Associates Corporation | 4% | 48,950,153 | $2,067,899,161 |
| 2024-09-30 | State Street Corporation | 4% | 48,821,075 | $2,062,446,261 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 23,484,382 | $992,097,692 |
| 2024-09-30 | First Eagle Investment Management, LLC | 2% | 18,645,971 | $787,699,024 |
| 2024-06-30 | Norges Bank Investment Management | 1% | 16,587,209 | $700,726,626 |
| 2024-09-30 | Bank Of New York Mellon Corporation | 1% | 16,486,315 | $696,464,359 |
| 2024-09-30 | Deutsche Bank Aktiengesellschaft | 1% | 15,441,868 | $652,341,697 |
| 2024-09-30 | Morgan Stanley | 1% | 11,802,690 | $498,604,626 |
