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Investors adjust stakes in Newmont after it beat Q2 earnings and revenue estimates.
Institutional investors have been actively trading shares of Newmont Corporation (NEM), a major gold producer.
Stonehearth Capital Management reduced its holdings by 18.5%, while AG2R LA Mondiale Gestion D Actifs acquired shares.
Newmont surpassed earnings and revenue estimates in the second quarter, reporting an EPS of $1.43 and revenue of $5.32 billion.
Despite a "Moderate Buy" rating and a stock price of $79.25, the consensus target price is $67.38.
3 Articles
Los inversionistas ajustaron las apuestas en Newmont después de que superó las ganancias del segundo trimestre y las estimaciones de ingresos.