Declining earnings estimates, partly due to the concerns over elevated costs, cast a shadow over NEM's prospects.
In the closing of the recent trading day, Newmont Corporation (NEM) stood at $47.81, denoting a +0.61% change from the preceding trading day.
The latest trading day saw Newmont Corporation (NEM) settling at $43.92, representing a +0.16% change from its previous close.
NEM aims to close the sale of its Akyem operation in Ghana and its Porcupine operation in Canada in the first half of 2025.
Newmont's Q4-24 results were solid, but per share metrics and margin capture since 2020 have massively disappointed despite higher gold prices. Unfortunately, the 2025 look wasn't any more inspiring with elevated costs and capex over the next two, impacting free cash flow generation and margins. Further, reserve growth (even adjusting for assets for sale) was anemic despite a significant increase in its reserve price assumptions, with major deletions at Brucejack and Lihir.
Recently, Zacks.com users have been paying close attention to Newmont (NEM). This makes it worthwhile to examine what the stock has in store.
The increase in the top line of NEM is primarily due to higher sales volumes and realized gold prices in Q4.
Newmont Corporation (NYSE:NEM ) Q4 2024 Results Conference Call February 20, 2025 5:30 PM ET Company Participants Tom Palmer - President and Chief Executive Officer Karyn Ovelmen - Chief Financial Officer Natascha Viljoen - Chief Operating Officer Conference Call Participants Hugo Nicolaci - Goldman Sachs Daniel Morgan - Barrenjoey Lawson Winder - Bank of America Daniel Major - UBS Kate McCutcheon - Citi Josh Wolfson - RBC Capital Markets Al Harvey - JPMorgan Operator Hello, and welcome to Newmont's Fourth Quarter and Full Year 2024 Results Conference Call. All participants will be in a listen-only mode.
The headline numbers for Newmont (NEM) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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.