Stock Movers Newmont Rises, Compass Falls, Coinbase Drops After Raising Venture Funds
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Sep 22, 2025 Newmont sees a surge in shares after selling a significant stake in Orla Mining and its Coffee Project for up to $150 million. Meanwhile, Compass's stock takes a hit following its $1.5 billion acquisition of Anywhere Real Estate, raising concerns among investors. In the crypto world, Coinbase's shares drop despite raising $60 million in venture funding, hinting at challenges in the current market landscape.
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Newmont Exits Canadian Market To Cut Costs
- Newmont is exiting the Canadian market by selling stakes and projects to cut costs and low-volume trading.
- The company will delist from the Canadian exchange but keep trading on the New York Stock Exchange.
Asset Sales Fuel Newmont's Exit Strategy
- Newmont sold a 13.3% stake in Orla Mining and agreed to sell its Coffee Project for up to $150 million.
- These asset sales are concrete steps in the firm's strategy to exit Canadian operations.
Compass Pays Premium To Become Largest Brokerage
- Compass agreed to buy Anywhere Real Estate in a $1.5 billion stock deal to expand market reach.
- Investors reacted negatively, pushing Compass shares down as they question the premium paid for Anywhere.