Published on 23 Jan 2023 on Simply Wall St. via Yahoo Finance
Newmont Corporation (NYSE:NEM) is largely controlled by institutional shareholders who own 81% of...
To get a sense of who is truly in control of Newmont Corporation (NYSE:NEM), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are institutions with 81% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future.
Let's delve deeper into each type of owner of Newmont, beginning with the chart below.