Institutional investors boosted Newmont Corp shares, despite Q3 earnings missing estimates.

Mizuho Securities and other large investors have bought more shares of Newmont Corp, with the Vanguard Group increasing its holdings by 13.6%. Despite reporting Q3 earnings of $0.81 EPS, missing estimates by $0.05, Newmont's revenue rose 84.7% year-over-year to $4.61 billion. The company also announced a $0.25 quarterly dividend. Institutional investors now own 68.85% of Newmont's stock.

November 13, 2024
4 Articles