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Newmont Q1 profits and gold production top estimates; shares surge
Proactive Investors· 2024-04-25 15:42
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Newmont(NEM) - 2024 Q1 - Quarterly Results
2024-04-25 11:00
NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM Exhibit 99.1 Newmont Reports First Quarter 2024 Results DENVER, April 25, 2024 – Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (Newmont or the Company) today announced first quarter 2024 results and declared a first quarter dividend of $0.25 per share. "Newmont delivered a strong first quarter operational performance, producing 2.2 million gold equivalent ounces and generating over $1.4 billion in cash from operations before working capital changes," ...
Newmont (NEM) to Report Q1 Earnings: What's in the Offing?
Zacks Investment Research· 2024-04-23 13:51
Newmont Corporation (NEM) is scheduled to report first-quarter 2024 results before the opening bell on Apr 25.The gold miner missed the Zacks Consensus Estimate in three of the trailing four quarters while beating it once. For this timeframe, the company delivered a negative earnings surprise of roughly 2.6%, on average. Newmont posted a negative earnings surprise of roughly 2% in the last reported quarter. NEM’s first-quarter performance is likely to have been aided by higher production and lower costs. Mo ...
Newmont: The Giant Is About To Wake Up
Seeking Alpha· 2024-04-21 06:31
Oat_Phawat Gold has been on a serious rise lately, with prices breaching the US$2,400/oz mark. However, gold miners have been trailing behind with the market yet to close this divergence. Data by YCharts I believe this represents an opportunity. In this article, I’ll present the case for Newmont Corporation (NYSE:NEM), which at current gold prices has at least 24% upside, according to my assumptions and calculations. Q1’24 earnings preview Newmont is set to report earnings on 25 April, before the market ...
Here's Why Newmont Corporation (NEM) Fell More Than Broader Market
Zacks Investment Research· 2024-04-10 23:06
Newmont Corporation (NEM) closed the most recent trading day at $39.06, moving -1.54% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.95%. Elsewhere, the Dow lost 1.09%, while the tech-heavy Nasdaq lost 0.84%.Coming into today, shares of the gold and copper miner had gained 17.09% in the past month. In that same time, the Basic Materials sector gained 4.98%, while the S&P 500 gained 1.78%.The upcoming earnings release of Newmont Corporation will be of grea ...
Why Newmont Stock Is A Strong Golden Pick
Seeking Alpha· 2024-04-08 05:25
J Studios/DigitalVision via Getty Images Introduction Looking at recent market trends, it is easy to overlook the fact that the price of gold has suddenly shot up after many years of stagnation and has outperformed the majority of other assets over the past few months: Seeking Alpha, author's notes There might be various arguments why the gold is going up so much: expectations of increased government spending, exemplified by the Biden administration's proposed $7.3 trillion budget for fiscal 2025; a gr ...
Why the Market Dipped But Newmont Corporation (NEM) Gained Today
Zacks Investment Research· 2024-04-04 23:06
Newmont Corporation (NEM) ended the recent trading session at $37.72, demonstrating a +1.32% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 1.23%. Meanwhile, the Dow experienced a drop of 1.36%, and the technology-dominated Nasdaq saw a decrease of 1.4%.Coming into today, shares of the gold and copper miner had gained 10.74% in the past month. In that same time, the Basic Materials sector gained 7.94%, while the S&P 500 gained 1.61%.The upc ...
Newmont Corporation (NEM) Surpasses Market Returns: Some Facts Worth Knowing
Zacks Investment Research· 2024-03-21 23:05
The latest trading session saw Newmont Corporation (NEM) ending at $34.53, denoting a +0.67% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.32%. Elsewhere, the Dow saw an upswing of 0.68%, while the tech-heavy Nasdaq appreciated by 0.2%.Heading into today, shares of the gold and copper miner had gained 2.6% over the past month, lagging the Basic Materials sector's gain of 6.63% and the S&P 500's gain of 5.11% in that time.Market participants will ...
Newmont: I Am Adding This 3% Yielding Miner To My Portfolio
Seeking Alpha· 2024-03-18 17:20
NordrodenNewmont Corporation (NYSE:NEM) is one of the leading companies in the gold production industry. It is included in the S&P 500, carrying a market cap of ~$39 billion and, most importantly, a top-class portfolio of gold and copper. To put this into perspective, NEM has a 30% larger gold reserve resource base than its closest competitor. Similarly, it has a 40% larger copper reserve resource base than the nearest gold producing peer. What is interesting about NEM is that the company possesses the ...
Newmont Corporation (NEM) Ascends While Market Falls: Some Facts to Note
Zacks Investment Research· 2024-03-13 23:06
Newmont Corporation (NEM) ended the recent trading session at $34.37, demonstrating a +1.45% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.19% loss on the day. At the same time, the Dow added 0.1%, and the tech-heavy Nasdaq lost 0.54%.Coming into today, shares of the gold and copper miner had gained 5.74% in the past month. In that same time, the Basic Materials sector gained 4.67%, while the S&P 500 gained 3.18%.Market participants will be closely following the financia ...