Seeking Clues to Newmont (NEM) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics

Core Viewpoint - Newmont Corporation (NEM) is expected to report a significant increase in quarterly earnings and revenues, indicating positive growth trends in its operations [1]. Financial Performance - Analysts predict quarterly earnings of $1.04 per share, reflecting a 44.4% increase year-over-year [1]. - Revenues are forecasted to be $4.62 billion, representing a year-over-year increase of 4.9% [1]. - There has been a downward revision of 5.6% in the consensus EPS estimate over the past 30 days, indicating a reappraisal of initial projections by analysts [2]. Key Metrics - Geographic Revenue from Nevada Gold Mines is expected to reach $747.19 million, a year-over-year increase of 32.7% [5]. - Geographic Revenue from Peñasquito is projected at $699.12 million, indicating a substantial increase of 93.7% from the prior-year quarter [5]. - Geographic Revenue from Merian is estimated at $153.38 million, reflecting a 47.5% increase from the year-ago quarter [5]. - Geographic Revenue from Cerro Negro is expected to be $92.40 million, showing a decline of 7.6% from the prior-year quarter [6]. - Attributable Gold Production from Yanacocha is estimated at 112 thousand ounces, compared to 78 thousand ounces reported in the same quarter last year [6]. - Attributable Gold Production from Boddington is projected at 132 thousand ounces, down from 147 thousand ounces in the previous year [7]. - Attributable Gold Production from Tanami is expected to be 80 thousand ounces, compared to 99 thousand ounces reported last year [7]. - Attributable Gold Production from Ahafo is estimated at 174 thousand ounces, down from 184 thousand ounces in the same quarter last year [8]. - Average Realized Price for Gold is forecasted to reach $3,121 per ounce, up from $2,347 per ounce in the previous year [8]. - Total Attributable Gold ounces sold is expected to be 1,282 thousand ounces, down from 1,543 thousand ounces reported last year [9]. - Total Attributable Production of Gold is projected at 1,389 thousand ounces, compared to 1,534 thousand ounces in the same quarter last year [10]. Market Performance - Over the past month, Newmont shares have recorded a return of -0.1%, while the Zacks S&P 500 composite has changed by +5.4% [11]. - Newmont holds a Zacks Rank 2 (Buy), suggesting it is likely to outperform the overall market in the upcoming period [11].