Newmont Corporation (NEM) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.33 per share a year ago.
Newmont Corporation's stock has outperformed the market by almost three times over the past few months. Q1 FY2024 results showed revenue and EPS beating consensus, with improvements in margins and cash flow generation. Analysts have mixed forecasts for Q2 FY2024, providing an opportunity for Newmont to beat expectations and continue its growth trajectory.
Avi Gilburt provides technical context on market rally, recommends Treasury ETFs like TLT for trade, and discusses how the Fed follows the market. Metals are setting up for a strong second half of 2024, with potential for silver to see a parabolic rally.
Here is how Newmont Corporation (NEM) and SilverCrest Metals Inc. (SILV) have performed compared to their sector so far this year.
Newmont (NEM) is expected to have benefited from increased production volumes, lower unit costs and higher gold prices in the second quarter.
Newmont Corporation (NYSE: NEM), one of the world's largest gold miners, is expected to publish its Q2 2024 results on July 25, reporting on a quarter that saw strong gold prices. We expect revenue to come in at close to $5.70 billion for the quarter, slightly ahead of consensus estimates, while earnings are likely to come in at $0.98 per share.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
In the latest trading session, Newmont Corporation (NEM) closed at $47.51, marking a -1.57% move from the previous day.
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.
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.
In the latest trading session, Newmont Corporation (NEM) closed at $47.52, marking a +0.74% move from the previous day.
Newmont Corporation investors are enjoying a remarkable revival. Fed Chair Jerome Powell didn't rock the boat in his recent congressional testimony. It has set the stage for Newmont's continued turnaround, as inflation and supply chain headwinds are expected to cool further.