First Eagle Investment Management Reduces $170M in Newmont Corporation ($NEM)
Key Points
- First Eagle Investment Management changed its Newmont Corporation ($NEM) stake by 12.4% last quarter, cutting to 12,022,368 shares worth $1.21 billion.
- Wall Street's consensus rating on $NEM is Buy and an average price target of $141.93.
- $NEM last traded around $100.23.
First Eagle Investment Management reduced its position in Newmont Corporation ($NEM) by 12.4% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,022,368 shares of Newmont Corporation after selling 1,695,590 shares during the quarter. First Eagle Investment Management's holdings in Newmont Corporation were worth $1.21 billion as of its most recent filing.
Newmont Corporation ($NEM) Stock
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About Newmont Corporation
Newmont Corporation operates as a gold producer. It also explores for copper, silver, lead, zinc, and other metals. It has operations and/or assets in the United States, Papua New Guinea, Australia, Ghana, Suriname, Argentina, Dominican Republic, Chile, Peru, Ecuador, Mexico, and Canada. The company was founded in 1916 and is headquartered in Denver, Colorado.
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