Newmont Corp
No SEC Form 4 filings for $NEM in the last 30 days.
Swedbank AB reduced its stake in Newmont Corporation by 3.5% in the fourth quarter, according to its latest SEC filing. The bank sold 25,288 shares and held 707,549 shares afterward. The stake was valued at about $70.65 million, the disclosure states.
Agnico Eagle Mines Ltd. has approved a $2.4 billion redevelopment of the Hope Bay gold mine in Nunavut, expected to significantly increase gold output and extend mining operations in Northern Canada. The project includes reconstructing the processing facility and installing a 37-megawatt diesel generator, aiming to yield 400,000-435,000 ounces of gold annually over an initial 11-year mine life. This redevelopment is projected to create over 2,000 jobs and incorporate renewable wind power with federal backing.
Leonteq Securities AG acquired a new stake of 90,319 shares in Newmont Corporation (NYSE:NEM) during the fourth quarter, valued at approximately $9.02 million. Several other hedge funds also adjusted their positions in Newmont. Wall Street analysts currently rate Newmont as a "Moderate Buy" with an average target price of $142.51.
