Newmont Corporation (NEM) came out with quarterly earnings of $1.40 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.50 per share a year ago.
Newmont Corporation NEM will release its fourth-quarter financial results, after the closing bell, on Thursday, Feb. 20.
NEM is expected to have benefited from higher gold prices and strong production volumes in the fourth quarter.
Tony Zhang offers an example trade for Newmont Mining (NEM) on the back of gold breaking above $2800. He calls NEM “one of the best opportunities” in the mining space and a good way to play gold.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Newmont (NEM), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Newmont (NEM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Newmont (NEM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Newmont Gold's stock price plummeted due to disappointing earnings and management's poor handling of analyst expectations, despite the company's strong growth potential. The company reported strong operational performance with 1.7 million ounces of gold produced in Q3 and expects robust production and cash flows in Q4. Newmont is focused on divesting non-core assets, reducing debt, and repurchasing shares, with a $3 billion share repurchase program and significant cash flow from asset sales.
Gold prices surged in early 2025, boosting gold mining stocks; VanEck Gold Miners ETF outperformed the S&P 500 since early 2024. Despite gold's rally, Newmont struggled, down 13% since August 2024 due to cost pressures, but I maintain a buy rating. Newmont's Q3 2024 results missed expectations, but management reiterated strong production guidance and increased its stock buyback program to $3 billion.
Investing in gold miners like Newmont has been frustrating as compared to investing directly in gold ETFs. NEM's valuation isn't expensive, but production integration risks and costs inflation risks have hampered optimism, leading to relative underperformance. 2025 has proven to be pretty promising for Newmont, and a further rally looks increasingly likely.
Newmont Corporation (NEM) closed at $44.88 in the latest trading session, marking a -0.18% move from the prior day.
Newmont Corporation (NEM) closed the most recent trading day at $42.72, moving -0.86% from the previous trading session.