Newmont Corporation (NEM)
Is Newmont Undervalued?
Newmont Corporation (NYSE: NEM), the world's largest gold miner, has seen its stock underperform over the last month, falling by 13% compared to the S&P 500 which was up 1.5%. The decline in stock prices has been primarily due to the stellar performance being expected due to rising demand of gold, amidst uncertainties surrounding the U.S. Presidential elections.
Here's Why Newmont Corporation Stock Fell 15% in October
Rising costs are preventing this mining company from cashing in on rising gold prices.
Brokers Suggest Investing in Newmont (NEM): Read This Before Placing a Bet
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
NEM or AGI: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the Mining - Gold sector might want to consider either Newmont Corporation (NEM) or Alamos Gold (AGI). But which of these two companies is the best option for those looking for undervalued stocks?
Down -11.71% in 4 Weeks, Here's Why You Should You Buy the Dip in Newmont (NEM)
Newmont (NEM) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Here's Why Newmont Corporation (NEM) is a Strong Value Stock
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Here is What to Know Beyond Why Newmont Corporation (NEM) is a Trending Stock
Zacks.com users have recently been watching Newmont (NEM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Newmont Q3: Collapse Is Overstated - Consider Buying The Fear
Newmont's Q3 earnings release stunned the market as the gold miner struggled with high costs. The lowered production outlook is attributed to operational challenges in its recent acquisition. Newmont's robust profitability is expected to underpin its resilient buying sentiments.
Why Is Gold Mining Dividend Stock Newmont Selling Off With Gold Prices at All-Time Highs?
Gold is outperforming the S&P 500 in 2024.
Newmont shares plunge 15% after missing earnings estimates amid labour cost woes
Gold miners have been struggling to capitalise on higher demand for the yellow metal as higher input and operating costs weigh. The largest gold mining company in the world, Newmont Corp shares plunged 15% post its earnings results as profit and revenue missed analysts' expectations.
Newmont Corporation (NEM) Q3 2024 Earnings Conference Call Transcript
Newmont Corporation (NYSE:NEM ) Q3 2024 Earnings Conference Call October 24, 2024 11:00 AM ET Company Participants Thomas Palmer - President and CEO Natascha Viljoen - EVP and COO Karyn Ovelmen - EVP and CFO Conference Call Participants Daniel Major - UBS Josh Wolfson - RBC Capital Markets Matthew Murphy - Jefferies Anita Soni - CIBC Mike Parkin - National Bank Lawson Winder - Bank of America Merrill Lynch Alex Hacking - HSBC Tanya Jakusconek - Scotiabank Operator Good morning, and welcome to Newmont's Third Quarter 2024 Earnings Call. [Operator Instructions].
Newmont misses on costs but boosts share buyback program by $2B
Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, ETR:NMM) reported mixed third-quarter earnings, with adjusted earnings per share (EPS) of $0.81 falling short of estimates. Analysts at Jefferies had estimated EPS of $0.85 while Street consensus expectations were $0.86.
