Newmont Corporation (NEM) reported third-quarter 2024 earnings from continuing operations of 76 cents per share compared with 20 cents in the year-ago quarter. Barring one-time items, adjusted earnings were 81 cents per share, up from 36 cents reported in the prior-year quarter. It lagged the Zacks Consensus Estimate of 83 cents. Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company’s revenues for the third quarter were $4,605 million, up around 84.7% year over year. The figure ...

Newmont Corporation (NEM) came out with quarterly earnings of $0.81 per share, missing the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -2.41%. A quarter ago, it was expected that this gold and copper miner would post earnings of $0.53 per share when it actually produced earnings of $0.72, delivering a surprise of 35.85%. Over the last four qua ...

NYSE: NEM, ASX: NEM, TSX: NGT, PNGX: NEM Exhibit 99.1 Newmont Reports Third Quarter 2024 Results DENVER, October 23, 2024 – Newmont Corporation (NYSE: NEM, ASX: NEM, TSX: NGT, PNGX: NEM) (Newmont or the Company) today announced third quarter 2024 results and declared a third quarter dividend of $0.25 per share. "In the third quarter, Newmont delivered 2.1 million gold equivalent ounces and generated $760 million in free cash flow from our world-class portfolio," said Tom Palmer, Newmont's President and Chie ...

Core Viewpoint - Newmont Corporation is expected to report strong third-quarter 2024 results, driven by higher gold prices and increased production volumes [1][6][8]. Financial Performance - The Zacks Consensus Estimate for third-quarter 2024 earnings is 75 cents per share, reflecting a 108.3% year-over-year increase [2]. - Revenue estimates for the same quarter stand at $4.07 billion, indicating a 63.4% increase from the previous year [2]. - Newmont's attributable gold production is projected at 1.72 million ounces for the September quarter, suggesting a 7.3% sequential rise [6]. Market Conditions - Gold prices have reached record highs, with an average realized price for Newmont estimated at $2,476 per ounce, a sequential rise of 5.5% [8]. - The gold market has been buoyed by a 50-basis-point interest rate cut by the U.S. Federal Reserve and geopolitical tensions, leading to a 4% gain in gold prices for Q3 2024 and a 32% increase year-to-date [8]. Cost and Efficiency - Newmont is expected to benefit from lower unit costs due to higher production volumes, with expectations of declining unit costs in the third and fourth quarters [9]. Stock Performance and Valuation - Newmont's shares have increased by 39.2% year-to-date, underperforming the Zacks Mining – Gold industry's 43.1% rise but outperforming the S&P 500's 22.9% increase [10]. - The company is currently trading at a forward 12-month earnings multiple of 16.16X, slightly above the peer group average of 15.82X [12]. Strategic Positioning - Newmont's acquisition of Newcrest Mining Limited has created a leading portfolio expected to deliver significant value and synergies [14]. - The company maintains a strong liquidity position and generates substantial cash flows, enabling it to fund growth projects and enhance shareholder value [14]. Investment Outlook - Investing in Newmont stock ahead of its earnings announcement is seen as a compelling opportunity due to its strong market position, financial health, and favorable gold market conditions [15].

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Newmont Corporation (NEM) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

Newmont Corporation (NEM) closed at $55.68 in the latest trading session, marking a +1.57% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.75%, while the tech-heavy Nasdaq lost 1.01%.Coming into today, shares of the gold and copper miner had gained 3.18% in the past month. In that same time, the Basic Materials sector gained 2.96%, while the S&P 500 gained 4.31%.The upcoming earnings release of Newmont Corporation will be of great intere ...

In the latest trading session, Newmont Corporation (NEM) closed at $54.82, marking a +0.96% move from the previous day. This change outpaced the S&P 500's 0.77% gain on the day. Meanwhile, the Dow gained 0.47%, and the Nasdaq, a tech-heavy index, added 0.87%.Shares of the gold and copper miner witnessed a gain of 1.1% over the previous month, trailing the performance of the Basic Materials sector with its gain of 5.59% and the S&P 500's gain of 4.87%.The upcoming earnings release of Newmont Corporation will ...

For Immediate ReleaseChicago, IL – October 11, 2024 – Today, Zacks Equity Research Newmont (NEM) , Agnico Eagle Mines (AEM) , Barrick Gold Corp. (GOLD) , IAMGOLD (IAG) and Idaho Strategic Resources (IDR) .Industry: GoldLink: https://www.zacks.com/commentary/2348505/buy-these-5-gold-stocks-to-capitalize-on-solid-industry-trendsThe prospects for the Zacks Mining - Gold industry look bright, backed by the 27% gain seen in gold prices so far this year. The bullion is expected to end the year at around $3,000 an ...