Fintel reports that on November 29, 2024, CLSA initiated coverage of Newmont (LSE:0R28) with a Underperform recommendation.
Analyst Price Forecast Suggests 42.65% Upside
As of November 21, 2024, the average one-year price target for Newmont is 59.87 GBX/share. The forecasts range from a low of 46.93 GBX to a high of 83.04 GBX. The average price target represents an increase of 42.65% from its latest reported closing price of 41.97 GBX / share.
See our leaderboard of companies with the largest price target upside.
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 0R28 is 0.46%, an increase of 9.42%. Total shares owned by institutions decreased in the last three months by 1.03% 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 0R28 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 0R28 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 0R28 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 0R28 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 0R28 by 19.29% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.