SG Americas Securities LLC Sells 121,330 Shares of Newmont Corporation $NEM
SG Americas Securities LLC reduced its stake in Newmont Corporation (NYSE:NEM) by 56.6% in Q3, selling 121,330 shares, leaving it with 92,869 shares valued at $7.83 million. Other hedge funds have also adjusted their holdings, with Envestnet Asset Management increasing its stake by 176.4%. Insider transactions included Director Bruce R. Brook selling 2,080 shares and CEO Thomas Ronald Palmer selling 5,000 shares. Newmont's stock opened at $108.99, with a market cap of $118.94 billion and a recent EPS of $1.71, exceeding estimates. A quarterly dividend of $0.25 per share was also announced.
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