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Amundi increases stake in Newmont Corporation amid institutional buying

4 reports, 2 independent Updated Oct 24
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Reports
4
Developments
4
Repetition
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New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below and has updated it as the story developed. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 2 outlets

Amundi increased its investment in Newmont Corporation. Reports indicate that Amundi bought a new position in Newmont during the second quarter, valued at approximately $209,411,000. Other large investors, including BlackRock Inc. and State Street Corp, have also modified their holdings in Newmont Corporation.

From tickerreport.com, dailypolitical.com

Why it matters

Some supportBrind's analysis of the reports

Institutional investors and hedge funds currently own 68.85% of Newmont Corporation stock. The buying activity by firms such as Amundi and BlackRock Inc. reflects continued investment interest in the basic materials company.

From tickerreport.com

Who's involved

  • AmundiIncreased its investment stake in Newmont Corporation stock.

How it developed

Newest first. Tap a step to see who reported it.
  1. Newmont receives 'outperform' rating from Raymond James and sees Amundi raise its stake.1 source
  2. Newmont disclosed transactions with the SEC on the same day Amundi bought shares.1 source
  3. RBC boosted target price on Newmont stock as Amundi grew its stake.1 source
  4. Amundi increased its investment in Newmont Corporation.1 source

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Newest first; wire copies grouped