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Newmont Corporation CHESS ( (AU:NEM) ) has issued an update.
Newmont Corporation announced a net decrease in the number of CHESS Depositary Interests (CDIs) issued over quoted securities, with a reduction of 3,798,963 CDIs from the previous month. This change is attributed to net transfers of securities between CDIs and common stock listed on the NYSE and TSX. The company has also seen an increase in the total number of common stock securities, primarily due to the transfer of CDIs to common stock and stock compensation plan distributions. This adjustment in securities could impact the company’s market positioning and stakeholder interests.
The most recent analyst rating on (AU:NEM) stock is a Buy with a A$94.00 price target. To see the full list of analyst forecasts on Newmont Corporation CHESS stock, see the AU:NEM Stock Forecast page.
More about Newmont Corporation CHESS
Newmont Corporation is a leading company in the mining industry, primarily focused on the extraction and production of gold and copper. The company operates on a global scale, with significant market presence in North America, South America, Australia, and Africa.
Average Trading Volume: 543,044
Technical Sentiment Signal: Buy
Current Market Cap: A$106.1B
Learn more about NEM stock on TipRanks’ Stock Analysis page.