Vanguard Discloses 7.7% Stake in Newmont Corporation

The latest announcement is out from Newmont Corporation CHESS ( (AU:NEM) ).

Vanguard Capital Management has disclosed a significant position in Newmont Corporation, reporting beneficial ownership of 83,245,026 Newmont common shares, representing 7.7 percent of the outstanding stock. The filing shows Vanguard holds sole voting power over about 12.4 million shares and sole dispositive power over the full 83.2 million, underscoring Newmont’s status as a key holding for one of the world’s largest asset managers and signaling sustained institutional confidence in the miner’s long-term prospects.

The stake is held across various Vanguard entities and funds, including global affiliates and fiduciary divisions, consolidating their influence over a sizable portion of Newmont’s equity. This level of institutional ownership may enhance liquidity in Newmont’s shares and could impact shareholder dynamics and governance discussions, as Vanguard’s aggregated holdings give it meaningful, though not controlling, influence in key corporate matters.

The most recent analyst rating on (AU:NEM) stock is a Buy with a A$215.00 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 global gold mining company headquartered in Denver, Colorado, focused on the exploration, development, and production of gold and other precious metals. Its shares are widely held by institutional investors and are traded as common stock under the CUSIP 651639106, reflecting its prominence in the mining and resources sector.

Average Trading Volume: 505,480

Technical Sentiment Signal: Buy

Current Market Cap: A$172.7B

See more data about NEM stock on TipRanks’ Stock Analysis page.