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Ninepoint Partners LP Invests $927,000 in Newmont Corporation $NEM
Ninepoint Partners LP recently purchased a new stake of 11,000 shares in Newmont Corporation (NYSE: NEM), valued at approximately $927,000. This investment follows positive Q4 results for Newmont, including adjusted EPS of $2.52 and revenue of $6.82 billion, leading to an upgraded rating from Sanford C. Bernstein to “outperform” with a $157 target price. Institutional investors collectively own about 68.85% of Newmont shares.