APG Asset Management N.V. reduced its stake in Newmont Corporation by 7.8% in the third quarter, selling over 91,000 shares but still holding over 1 million shares valued at about $90.8 million. This comes after Newmont reported strong Q4 results, exceeding revenue and adjusted EPS expectations, and generating significant free cash flow. Despite the reduction by APG, other institutional investors like AustralianSuper and Robeco significantly increased their holdings, and analysts have issued upgrades and raised price targets for Newmont.
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APG Asset Management N.V. Decreases Stock Holdings in Newmont Corporation $NEM
APG Asset Management N.V. reduced its stake in Newmont Corporation by 7.8% in the third quarter, selling over 91,000 shares but still holding over 1 million shares valued at about $90.8 million. This comes after Newmont reported strong Q4 results, exceeding revenue and adjusted EPS expectations, and generating significant free cash flow. Despite the reduction by APG, other institutional investors like AustralianSuper and Robeco significantly increased their holdings, and analysts have issued upgrades and raised price targets for Newmont.