Fintel reports that on November 29, 2024, CLSA initiated coverage of Newmont (XTRA:NMM) with a Underperform recommendation.
Analyst Price Forecast Suggests 42.94% Upside
As of October 22, 2024, the average one-year price target for Newmont is 57,17 €/share. The forecasts range from a low of 43,75 € to a high of 77,41 €. The average price target represents an increase of 42.94% from its latest reported closing price of 40,00 € / share.
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The projected annual revenue for Newmont is 12,365MM, a decrease of 27.21%. The projected annual non-GAAP EPS is 2.41.
What is the Fund Sentiment?
There are 1,973 funds or institutions reporting positions in Newmont. This is an increase of 106 owner(s) or 5.68% in the last quarter. Average portfolio weight of all funds dedicated to NMM is 0.46%, an increase of 9.42%. Total shares owned by institutions increased in the last three months by 1.62% to 939,995K shares.
What are Other Shareholders Doing?
BlackRock holds 120,301K shares representing 10.61% ownership of the company. In its prior filing, the firm reported owning 119,251K shares , representing an increase of 0.87%. The firm increased its portfolio allocation in NMM by 19.44% over the last quarter.
Van Eck Associates holds 48,950K shares representing 4.32% ownership of the company. In its prior filing, the firm reported owning 50,918K shares , representing a decrease of 4.02%. The firm increased its portfolio allocation in NMM by 4.77% over the last quarter.
GDX - VanEck Vectors Gold Miners ETF holds 41,436K shares representing 3.66% ownership of the company. In its prior filing, the firm reported owning 43,624K shares , representing a decrease of 5.28%. The firm increased its portfolio allocation in NMM by 4.41% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 36,545K shares representing 3.22% ownership of the company. In its prior filing, the firm reported owning 36,485K shares , representing an increase of 0.16%. The firm increased its portfolio allocation in NMM by 20.10% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 30,052K shares representing 2.65% ownership of the company. In its prior filing, the firm reported owning 29,595K shares , representing an increase of 1.52%. The firm increased its portfolio allocation in NMM by 19.29% over the last quarter.
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