BlackRock Amends NEWMONT Stake: Ownership Update as of Dec 31, 2023
Ticker: NEMCL · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1164727
| Field | Detail |
|---|---|
| Company | Newmont Corp /De/ (NEMCL) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, gold-mining, passive-investment
TL;DR
**BlackRock updated its NEWMONT holdings as of year-end 2023; keep an eye on their next move.**
AI Summary
BlackRock Inc. has filed an amended Schedule 13G/A for NEWMONT Corp /DE/, indicating a change in their beneficial ownership as of December 31, 2023. This filing, Amendment No. 17, updates their previous disclosures regarding their holdings of NEWMONT's Common Stock. For investors, this matters because BlackRock is a major institutional investor, and changes in their stake can signal shifts in their confidence or investment strategy regarding NEWMONT, a prominent gold and silver mining company.
Why It Matters
This filing shows an updated snapshot of BlackRock's significant investment in NEWMONT, which can influence market perception and potentially the stock's trading behavior.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor, not indicating any immediate or significant risk.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder and monitor future 13G/A filings for significant changes in their ownership percentage, which could signal a shift in their long-term view of NEWMONT.
Key Numbers
- 17 — Amendment Number (This is the 17th amendment to BlackRock's Schedule 13G filing for NEWMONT Corp /DE/, indicating a history of ownership changes.)
- 651639106 — CUSIP Number (This unique identifier confirms the filing pertains to NEWMONT Corp's Common Stock.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- NEWMONT Corp /DE/ (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- Amendment No: 17 (number) — the specific amendment number for this filing
Forward-Looking Statements
- BlackRock will continue to be a significant institutional holder of NEWMONT Corp /DE/ shares. (BlackRock Inc.) — high confidence, target: 2025-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 17)' sections.
Who is the subject company of this filing?
The subject company is NEWMONT Corp /DE/, as clearly identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NEWMONT Corp /DE/'.
Who is the entity that filed this SC 13G/A?
The entity that filed this amendment is BlackRock Inc., as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the 'Date of Event Which Requires Filing of this Statement'?
The date of the event requiring this filing is December 31, 2023, as specified in the document under 'Date of Event Which Requires Filing of this Statement'.
What rule is BlackRock Inc. filing under for this Schedule 13G?
BlackRock Inc. is filing under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding NEWMONT Corp /DE/ (NEMCL).