Fintel reports that on July 10, 2024, CIBC upgraded their outlook for Newmont (XTRA:NMM) from Neutral to Outperformer.
Analyst Price Forecast Suggests 10.91% Upside
As of July 4, 2024, the average one-year price target for Newmont is 47,97 €/share. The forecasts range from a low of 31,17 € to a high of 72,96 €. The average price target represents an increase of 10.91% from its latest reported closing price of 43,24 € / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Newmont is 12,365MM. The projected annual non-GAAP EPS is 2.41.
What is the Fund Sentiment?
There are 1,827 funds or institutions reporting positions in Newmont. This is an decrease of 35 owner(s) or 1.88% in the last quarter. Average portfolio weight of all funds dedicated to NMM is 0.38%, an increase of 2.63%. Total shares owned by institutions decreased in the last three months by 1.72% to 888,526K shares.
What are Other Shareholders Doing?
Van Eck Associates holds 49,629K shares representing 4.30% ownership of the company. In its prior filing, the firm reported owning 51,290K shares , representing a decrease of 3.35%. The firm decreased its portfolio allocation in NMM by 30.40% over the last quarter.
GDX - VanEck Vectors Gold Miners ETF holds 42,864K shares representing 3.72% ownership of the company. In its prior filing, the firm reported owning 45,004K shares , representing a decrease of 4.99%. The firm decreased its portfolio allocation in NMM by 19.77% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 36,275K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 36,197K shares , representing an increase of 0.22%. The firm decreased its portfolio allocation in NMM by 20.89% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 29,044K shares representing 2.52% ownership of the company. In its prior filing, the firm reported owning 28,150K shares , representing an increase of 3.08%. The firm decreased its portfolio allocation in NMM by 21.23% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 25,041K shares representing 2.17% ownership of the company. In its prior filing, the firm reported owning 12,918K shares , representing an increase of 48.41%. The firm increased its portfolio allocation in NMM by 56.71% over the last quarter.
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