Core Viewpoint - Newmont Corporation reported strong quarterly earnings of $1.25 per share, significantly exceeding the Zacks Consensus Estimate of $0.84 per share, and showing a year-over-year increase from $0.55 per share [1][2] Group 1: Earnings Performance - The earnings surprise for the recent quarter was 48.81%, following a previous surprise of 47.37% when earnings were $1.40 per share against an expectation of $0.95 [1][2] - Over the last four quarters, Newmont has surpassed consensus EPS estimates three times [2] Group 2: Revenue Performance - Newmont's revenues for the quarter ended March 2025 were $5.01 billion, exceeding the Zacks Consensus Estimate by 12.22%, and up from $4.02 billion a year ago [2] - The company has topped consensus revenue estimates four times over the last four quarters [2] Group 3: Stock Performance - Newmont shares have increased approximately 46.5% since the beginning of the year, contrasting with a decline of -10.1% in the S&P 500 [3] Group 4: Future Outlook - The company's earnings outlook will be crucial for assessing future stock performance, including current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the next quarter is $0.85 on revenues of $4.18 billion, and for the current fiscal year, it is $3.71 on revenues of $18.34 billion [7] Group 5: Industry Context - The Mining - Gold industry, to which Newmont belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, indicating potential challenges ahead [8]

Q1 2025 Highlights - The company delivered 1.5Moz of gold and 35kt of copper from its full portfolio[10] - The company generated a record first quarter free cash flow of $1.2B[10] - The company exceeded its divestiture target, generating >$2.5B in net cash proceeds[12] - The company executed $755M in share repurchases and $1.0B in debt retirements[12] Q1 2025 Financial Performance - The company's cash from operations was $2.0B[29] - The company's adjusted EBITDA was $2.6B[29] - The company's GAAP net income was $1.68 per share[29] - The company's adjusted net income was $1.25 per share[29] - The company's free cash flow was $1.2B[29] - The company's cash & cash equivalents were $4.7B[29] - The company's average realized gold price was $2,944 per ounce[29] - The company's gold all-in sustaining cost was $1,651 per ounce[29] Capital Allocation Strategy - The company maintained financial flexibility with cash above $3.0B target[31] - The company achieved its debt target of up to $8.0B[31] - The company's sustaining capital was $459M[31] - The company's development capital was $323M[31] - The company's common dividend was $0.25 per share[31] - The company executed $755M of a $3.0B authorized share repurchase program[31] Non-Core Divestiture Program - The company's non-core divestiture program generated up to $3.8B in total gross proceeds, including >$3.0B in cash[39]

Group 1: Market Performance - Shares of gold mining stocks such as Barrick Gold, Newmont Mining, Gold Fields, and AngloGold Ashanti experienced declines of 4.6%, 2.6%, 6%, and 5.1% respectively, despite broader market indexes being up [1] - The price of gold fell by 3.4% on the same day, contributing to the decline in gold mining stocks [1] Group 2: Gold Price Trends - Gold has surged 42% over the past year, often seen as a "safe haven" asset amid geopolitical uncertainties and inflation concerns [3] - The price of gold typically rises when the value of the dollar declines, as it is priced in dollars [3] Group 3: Political Influence on Gold and Markets - The Trump administration's tariff policies have created instability, leading to increased global uncertainty and a decline in the dollar's value [2][4] - Recent comments from President Trump indicating a potential easing of tariffs have led to a market rally and a corresponding drop in gold prices [5][6] Group 4: Company Strategies - Barrick Gold is actively looking to divest from certain gold mining operations, including a recent sale of its stake in an Alaska project and potential sales of its Canadian and Ivory Coast operations [8] - The actions of Barrick Gold may suggest a belief that gold prices have peaked, although future market conditions remain uncertain [9] Group 5: Investment Insights - Gold and gold-oriented stocks can serve as a hedge against economically sensitive holdings, making them valuable in a diversified portfolio [10]

Financial Performance - Newmont reported a net income of $1.9 billion, or $1.68 per diluted share, for Q1 2025, an increase of $488 million from the prior quarter[8]. - Adjusted net income for the quarter was $1.4 billion, or $1.25 per diluted share, compared to $1.6 billion, or $1.40 per diluted share, in the prior quarter[9]. - The company reported a net income attributable to Newmont stockholders for Q1 2025 was $1,891 million, resulting in an adjusted net income of $1,404 million, or $1.25 per diluted share[41]. - Net income for FY 2024 was $3,381 million, with Q4 contributing $1,421 million[37]. - Net income attributable to Newmont stockholders for FY 2024 was $3.348 billion, with Q4 net income at $1.403 billion, reflecting strong financial performance[32]. Cash Flow and Liquidity - The company generated a record first quarter free cash flow of $1.2 billion, a decrease of 26% from the previous quarter[11]. - The company maintained a strong balance sheet, ending the quarter with $4.7 billion in cash and $8.8 billion in total liquidity, with a net debt to adjusted EBITDA ratio of 0.3x[11]. - Cash from operations before working capital for FY 2024 was $7,343 million, with Q4 at $2,398 million[37]. - Net cash provided by operating activities for FY 2024 was $6,363 million, with Q4 at $2,511 million[37]. - As of March 31, 2025, the company's net debt decreased to $3.221 billion from $5.308 billion at December 31, 2024, reflecting a reduction of approximately 39.4%[50]. Production and Sales - Attributable gold production was 1.5 million ounces, primarily from the Tier 1 Portfolio, with an average realized gold price of $2,944 per ounce, up $301 from the prior quarter[7]. - Attributable gold ounces sold in Q1 2025 were 1,581, with a total of 6,471 ounces sold year-to-date[28]. - Gold sold in Q1 2025 was 1,442 thousand ounces, down from 1,599 thousand ounces in Q1 2024, indicating a decrease of 9.8%[53]. - Total gold sales for the first quarter of 2025 reached 1,690 thousand ounces, with an all-in sustaining cost (AISC) of $1,439 per ounce[57]. - The company expects to sell approximately 5,175 thousand ounces of gold in 2025, with projected AISC of $1,620 per ounce[61]. Costs and Expenses - Gold costs applicable to sales (CAS) per ounce increased 12% to $1,227 compared to the prior quarter, while all-in sustaining costs (AISC) per ounce rose 13% to $1,651[8]. - The costs applicable to sales per ounce of gold sold increased to $1,227 in Q1 2025 from $1,057 in Q1 2024, representing a rise of 16.1%[53]. - The total all-in sustaining costs per ounce for gold in Q1 2025 was $1,651, compared to $1,442 in Q1 2024, marking an increase of 14.5%[56]. - Total costs applicable to sales for gold in Q1 2025 were $1.769 billion, compared to $1.690 billion in Q1 2024, reflecting an increase of 4.7%[53]. - The company reported a total gold by-product AISC of $1,319 per ounce in Q1 2025, a decrease of 4.5% from the previous quarter[29]. Divestitures and Investments - Newmont completed its divestiture program, generating over $2.5 billion in cash proceeds net of tax impacts in 2025, with total gross proceeds expected to reach up to $4.3 billion[5]. - The company has completed the divestment of all non-core operations and its 70% interest in the Havieron project[23]. - Newmont plans to spend $800 million on reclamation activities in 2025, with $600 million allocated specifically for water treatment plants at Yanacocha[26]. - The sale of the Akyem operation is expected to generate up to $1.0 billion, while the Porcupine operation sale could yield up to $425 million, both closed on April 15, 2025[27]. - The company is focusing on divestiture programs for non-core assets, including Telfer and CC&V, which have been closed prior to March 31, 2025[29]. Future Outlook and Guidance - Newmont remains on track to meet its 2025 guidance, targeting total attributable gold production of 5.9 million ounces[15]. - 2025 guidance assumes gold prices at $2,500/oz, copper at $9,370/tonne, and silver at $30/oz, with an estimated consolidated adjusted effective tax rate of 34%[21]. - The company anticipates continued growth in production and pricing for gold and copper in the upcoming quarters[28]. - The company expects to sell approximately 5,175 thousand ounces of gold in 2025, with projected AISC of $1,620 per ounce[61]. - Advanced projects and exploration costs for 2025 are projected to be $200 million, indicating ongoing investment in future growth[61]. Shareholder Returns - The company delivered $1.0 billion in total returns to shareholders through share repurchases and dividends since the start of the year[5]. - The share repurchase program is authorized for up to $2.0 billion over 24 months, subject to market conditions and other factors[80]. - Future dividends beyond June 20, 2025, have not yet been declared, and their payment will depend on financial results and market conditions[79]. Sustainability and Corporate Responsibility - Newmont's global Closure Strategy aims to create sustainable legacies post-mining, with $95 million spent on reclamation activities in Q1 2025[26]. - The company is committed to sustainable and responsible mining practices, aiming to create value and improve lives[75].

Core Viewpoint - Newmont Corporation (NEM) is expected to report strong first-quarter 2025 results, benefiting from higher gold prices despite facing cost challenges [1][7]. Financial Performance - The Zacks Consensus Estimate for first-quarter earnings is 84 cents per share, reflecting a 52.7% year-over-year increase [2]. - First-quarter revenues are estimated at $4.54 billion, indicating a roughly 13% increase from the previous year [2]. - NEM has a trailing four-quarter earnings surprise of 34.5% on average, having beaten the Zacks Consensus Estimate in three of the last four quarters [5]. Gold Price Impact - Gold prices have surged nearly 19% in the first quarter and are up approximately 26% year-to-date, driven by safe-haven demand amid global economic uncertainties [8]. - The average realized price of gold for NEM is estimated at $2,759 per ounce, representing a 32% year-over-year rise [9]. Production and Costs - NEM's consolidated attributable gold production is estimated at roughly 1.54 million ounces for the quarter [9]. - The company anticipates higher unit costs in the first quarter, with all-in sustaining costs (AISC) estimated at $1,691 per ounce, a 17.5% year-over-year increase [10]. Stock Performance and Valuation - NEM's shares have increased by 47% over the past year, underperforming the Zacks Mining – Gold industry's 58.3% rise but outperforming the S&P 500's 5.8% increase [11]. - The stock is currently trading at a forward 12-month earnings multiple of 14.14X, which is about 16.1% lower than the peer group average of 16.85X [14]. Growth Potential - Newmont is positioned for growth with a robust project portfolio that is expected to expand production capacity and extend mine life [16]. - The acquisition of Newcrest Mining Limited is anticipated to create significant value and synergies for shareholders [16]. - NEM's strong liquidity and cash flow generation capabilities support its growth projects and shareholder value [17]. Investment Outlook - Investing in NEM 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 [18].

Group 1 - Newmont Corporation (NEM) has experienced a 31% increase since November 2024 and a 48% year-to-date rise, indicating strong performance amidst macroeconomic uncertainty and weak stock markets [1] - The article highlights the growing interest in the green economy, with a focus on generational investment opportunities [1] Group 2 - The author, Manika, has over 20 years of experience in investment management, stock broking, and investment banking, which adds credibility to the analysis presented [1]

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Newmont Corporation due to a class action complaint alleging breaches of fiduciary duties by the board of directors [1][2] Summary by Relevant Sections Class Action Complaint - The complaint was filed on January 31, 2025, covering a Class Period from February 22, 2024, to October 23, 2024 [1] - Allegations include that defendants made false or misleading statements regarding Newmont's revenue outlook and production capabilities, creating a false impression of reliability [2] Investigation Details - The investigation focuses on whether the board of directors failed to fulfill their fiduciary responsibilities to the company [1] - The complaint claims that the defendants provided materially flawed statements of confidence and growth projections that did not consider critical variables [2]

Core Viewpoint - Newmont Corporation (NEM) is experiencing solid improvements in earnings estimates, which may lead to continued positive stock momentum [1][2]. Earnings Estimate Revisions - Analysts show growing optimism regarding Newmont's earnings prospects, reflected in upward revisions of earnings estimates, which correlate strongly with stock price movements [2]. - The current-quarter earnings estimate is $0.84 per share, a 52.73% increase from the previous year, with a 14.48% rise in consensus estimates over the last 30 days [5]. - For the full year, Newmont is expected to earn $3.83 per share, marking a year-over-year increase of 10.06%, with a 15.35% boost in consensus estimates over the past month [6][7]. Zacks Rank and Performance - Newmont has achieved a Zacks Rank 2 (Buy), indicating promising estimate revisions that suggest potential for further stock price appreciation [8]. - Historically, stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have significantly outperformed the S&P 500 [8]. Investment Outlook - The stock has increased by 16.6% over the past four weeks due to strong estimate revisions, suggesting that there may still be upside potential for investors [9].

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Newmont Corporation (NEM) currently holding a Momentum Style Score of A [2] - Style Scores complement the Zacks Rank, which has a strong track record of outperforming the market; NEM has a Zacks Rank of 2 (Buy) [3] Group 2: Newmont Corporation Performance - NEM shares have increased by 24.42% over the past week, outperforming the Zacks Mining - Gold industry, which rose by 14.44% [5] - Over the past quarter, NEM shares have risen by 34.24%, and over the last year, they have gained 45.1%, while the S&P 500 has moved -10.88% and 5.91%, respectively [6] - The average 20-day trading volume for NEM is 15,714,830 shares, indicating a bullish sign with rising stock prices [7] Group 3: Earnings Outlook - Recent earnings estimate revisions for NEM show 4 estimates moving higher and 1 lower, increasing the consensus estimate from $3.48 to $3.83 over the past 60 days [9] - For the next fiscal year, there have been 2 upward revisions and 2 downward revisions in earnings estimates [9] Group 4: Conclusion - Given the strong performance metrics and positive earnings outlook, NEM is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a promising pick for investors [11]

Core Viewpoint - Newmont Corporation (NEM) is currently viewed as a superior value option compared to Triple Flag Precious Metals (TFPM) based on various valuation metrics and earnings outlook [1][7]. Valuation Metrics - NEM has a forward P/E ratio of 14.60, while TFPM has a forward P/E of 29.68 [5]. - NEM's PEG ratio is 1.02, indicating a favorable earnings growth outlook compared to TFPM's PEG ratio of 1.16 [5]. - NEM's P/B ratio stands at 2.12, compared to TFPM's P/B of 2.56, suggesting NEM is more undervalued relative to its book value [6]. Earnings Outlook - NEM has a Zacks Rank of 2 (Buy), indicating an improving earnings outlook, while TFPM has a Zacks Rank of 3 (Hold) [3][7]. - The Zacks Rank emphasizes stocks with positive revisions to earnings estimates, which supports NEM's favorable position [3]. Value Grades - NEM has been assigned a Value grade of B, while TFPM has a Value grade of D, further highlighting NEM's stronger valuation profile [6].