Newmont Q1 Earnings Preview: Rising costs, gold production in focus [Seeking Alpha]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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US:NYSE Investor Relations:
newmont.com/investor-relations/default.aspx
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Source: Seeking Alpha
The consensus EPS Estimate is $0.37 (-7.5% Y/Y) and the consensus Revenue Estimate is $3.68B (+37.4% Y/Y). Gold prices clocked multiple record highs this month driven by safe-haven demand amidst the ongoing conflict in the Middle East. Yet those gains have not been reflected in the share prices of gold miners. The upcoming Q1'24 earnings release and potential increase in guidance could serve as an upside trigger for Newmont ( NEM Atlas Equity Research noted. Q1'24 will also be the first full quarter for Newmont incorporating the Newcrest assets . Brokerage Canaccord Genuity forecasts Q1 gold production of 1.60Moz, down slightly from Q4 production of 1.74Moz, owing to decreased oxide throughput at Cortez, continued ramp-up challenges at Pueblo Viejo, and decreased throughput at Ahafo mine in Ghana. Over the last 2 years, NEM has beaten EPS estimates 38% of the time and has beaten revenue estimates 50% of the time. Over the last 3 months, EPS estimates have seen 0 upward revi
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NEM
News
- Newmont Co. (NYSE: NEM) had its price target lowered by analysts at BMO Capital Markets from $56.00 to $54.00. They now have an "outperform" rating on the stock.MarketBeat
- Newmont Co. (NYSE: NEM) was downgraded by analysts at National Bank Financial from an "outperform overweight" rating to a "sector perform overweight" rating.MarketBeat
- Newmont Corporation (NEM) is a Top-Ranked Momentum Stock: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Why gold ETFs are an option to bonds as inflation lingers [Yahoo! Finance]Yahoo! Finance
- Barrick Gold beats estimates for quarterly profit, enters JV in Jamaica [Yahoo! Finance Canada]Yahoo! Finance Canada
NEM
Earnings
- 4/25/24 - Beat
NEM
Sec Filings
- 5/2/24 - Form 4
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- NEM's page on the SEC website