BlackRock acquired 126M Newmont shares worth $13.7B. That's 0.21% of their equity portfolio (71st largest holding). The investor owns 11.65% of the outstanding Newmont stock. The first Newmont trade was made in Q4 2020. Since then BlackRock bought shares ten more times and sold shares on seven occasions. The stake costed the investor $7.26B, netting the investor a gain of 88% so far.
Gold stocks Agnico Eagle Mines and Newmont plunged this past week, as gold prices tumbled from record highs.
Newmont Corporation (NEM) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, NEM broke throu...
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throu...
Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, ETR:NMM), the world's largest gold miner, reported stronger third-quarter results on Thursday evening as hig...