5 Best Metals Stocks To Invest In

3. Newmont Corporation (NYSE:NEM)

Number of Hedge Fund Investors In Q2 2023: 49

Newmont Corporation (NYSE:NEM) is the final gold mining company on our list. The firm reported its third quarter earnings in October 2023, which saw it miss analyst EPS estimates of $0.43 by posting $0.36 in the segment as it shared that protests in a Mexican mine had hampered output.

For their second quarter of 2023 shareholdings, 49 out of the 910 hedge funds profiled by Insider Monkey had bought Newmont Corporation (NYSE:NEM)’s shares. Out of these, the biggest investor is Jean-Marie Eveillard’s First Eagle Investment Management as it owns 18.4 million shares that are worth $787 million.

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