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An update from Newmont Corporation CHESS ( (AU:NEM) ) is now available.
Newmont Corporation announced a decrease in the number of CHESS Depositary Interests (CDIs) issued over its quoted securities, with a net reduction of 2,298,671 CDIs from the previous month. This change is attributed to net transfers between CDIs and common stock, reflecting adjustments in the company’s securities distribution. The total number of common stock securities increased by 940,001 due to transfers from CDIs and stock compensation plan distributions, indicating strategic management of its equity structure.
The most recent analyst rating on (AU:NEM) stock is a Buy with a A$190.00 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 operates in the mining industry, primarily focusing on the extraction and production of gold and other precious metals. The company is a significant player in the global mining sector, with its securities listed on major exchanges such as the NYSE and ASX.
Average Trading Volume: 528,760
Technical Sentiment Signal: Buy
Current Market Cap: A$150.2B
Learn more about NEM stock on TipRanks’ Stock Analysis page.