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Newmont Corporation reported strong earnings and dividends, but saw major investors reduce their shares.
Hollencrest Capital Management reduced its shares of Newmont Corporation to 53,832, valued at $2,004,000, while Rakuten Securities Inc. sold a significant portion of its shares, holding 5,780 valued at $215,000.
Newmont reported strong earnings of $1.40 per share, exceeding expectations, and announced a quarterly dividend of $0.25.
Analysts rate Newmont as a "Moderate Buy" with a target price of $53.16.
The company operates in multiple countries and has a market cap of $48.96 billion.
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Newmont Corporation informó de fuertes ganancias y dividendos, pero vio a los principales inversores reducir sus acciones.