Gold Mining Stock Rallying Into This Week's Earnings

Core Viewpoint - Newmont Corporation is expected to report strong earnings and revenue growth in its upcoming fourth-quarter report, with analysts predicting earnings of $1.81 per share and revenue of $5.76 billion, reflecting year-over-year increases of 29.3% and 2% respectively [1]. Group 1: Earnings Expectations - Analysts anticipate Newmont will post earnings of $1.81 per share for the fourth quarter [1]. - Revenue is expected to reach $5.76 billion, marking a year-over-year increase of 2% [1]. - The anticipated earnings represent a significant year-over-year growth of 29.3% [1]. Group 2: Stock Performance - Newmont's stock has been trending towards its record high of $134.88, last trading at $125.60, reflecting a 2.7% increase [2]. - The stock has shown a remarkable 164.3% gain over the past 12 months and a 25.7% increase year-to-date [2]. Group 3: Post-Earnings History - Historically, Newmont stock has had a negative post-earnings performance, finishing higher only three out of the last eight quarters [4]. - The average post-earnings move for Newmont stock has been 7.8%, which is slightly lower than the 8.6% swing currently priced in by options traders [4]. - Newmont has outperformed options traders' volatility expectations over the past year, with a Schaeffer's Volatility Scorecard (SVS) rating of 80 out of 100 [4].