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Xponance Inc. Purchases 22,930 Shares of Newmont Corporation $NEM
Xponance Inc. increased its stake in Newmont Corporation by 13.6%, acquiring an additional 22,930 shares, bringing its total holdings to 191,134 shares valued at over $16 million. This increased investment follows Newmont’s strong Q4 performance, which saw adjusted EPS beat expectations and revenue exceed estimates, leading to analyst upgrades and a raised quarterly dividend. The company also saw insider selling with Director Bruce R. Brook selling 2,080 shares in December.