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LGT Group Foundation Has $12.71 Million Stake in Newmont Corporation $NEM
LGT Group Foundation significantly increased its stake in Newmont Corporation, now holding 147,879 shares valued at $12.71 million. This increase reflects a general trend of institutional investment in Newmont, which reports strong earnings and analyst confidence. The company also announced a higher quarterly dividend, further strengthening its financial position, despite some recent analyst downgrades causing short-term volatility.