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Newmont Corporation (NEM) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2025-10-23 22:21
Core Insights - Newmont Corporation reported quarterly earnings of $1.71 per share, exceeding the Zacks Consensus Estimate of $1.29 per share, and showing a significant increase from $0.81 per share a year ago, resulting in an earnings surprise of +32.56% [1] - The company achieved revenues of $5.52 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 11.06% and up from $4.61 billion year-over-year [2] - Newmont's stock has increased approximately 133.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 13.9% [3] Earnings Outlook - The future performance of Newmont's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is $1.37 on revenues of $5.13 billion, and for the current fiscal year, it is $5.65 on revenues of $20.8 billion [7] Industry Context - The Mining - Gold industry, to which Newmont belongs, is currently ranked in the top 13% of over 250 Zacks industries, indicating a favorable outlook for stocks within this sector [8] - Another company in the same industry, Comstock Inc., is expected to report a quarterly loss of $0.18 per share, with revenues projected to be $0.99 million, reflecting a year-over-year increase of 76.8% [9]
5 Gold Mining Stocks to Buy Amid Fed Rate Cut Expectation in September
ZACKS· 2025-09-10 15:11
Industry Overview - Gold prices have increased nearly 40% year to date, reaching an all-time high of $3,647 per ounce on September 9 [1][8] - Central banks in emerging economies are actively purchasing gold to bolster reserves amid rising global debt, trade uncertainties, and geopolitical risks, particularly in the Middle East [2] - The global trend of cutting interest rates to stimulate economic growth is favorable for gold, a non-income-bearing asset [3] Market Expectations - The Federal Reserve is expected to implement a 25 basis-point interest rate cut in September 2025, following weak nonfarm payroll data [4][8] - Major investment banks like JP Morgan and Goldman Sachs predict gold prices could rise to $4,000 to $5,000 per ounce by 2026, indicating a bullish outlook for the gold market [7] Gold Mining Stocks - Investment in gold mining stocks is recommended, with five highlighted companies: Agnico Eagle Mines Ltd. (AEM), DRDGOLD Ltd. (DRD), Gold Fields Ltd. (GFI), Comstock Inc. (LODE), and GoldMining Inc. (GLDG), all carrying favorable Zacks Ranks [5][8] - Agnico Eagle Mines is focused on growth through strategic projects and acquisitions, with expected revenue and earnings growth rates of 30.6% and 64.1% for the current year [10][12] - DRDGOLD has undergone a refocusing of its gold interests, with expected revenue and earnings growth rates of 54.3% and 13.3% for the current year [13][14] - Gold Fields operates in multiple countries and has expected revenue and earnings growth rates of 71% and 93.9% for the current year [15] - Comstock Inc. focuses on precious metals mining in Nevada, with expected revenue and earnings growth rates of 17.4% and 69% for the current year [16][17] - GoldMining Inc. is engaged in mineral exploration with a focus on gold assets in the Americas, expecting an earnings growth rate of 30% for the current year [18] Supply-Demand Dynamics - The gold mining industry is facing a supply-demand imbalance due to a scarcity of new deposits and lengthy mining processes, which may drive prices higher [6] - Increased use of gold in energy, healthcare, and technology sectors is expected to further contribute to demand [7]
HudBay Minerals (HBM) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2025-08-13 12:26
Financial Performance - HudBay Minerals reported quarterly earnings of $0.19 per share, exceeding the Zacks Consensus Estimate of $0.11 per share, compared to break-even earnings per share a year ago, representing an earnings surprise of +72.73% [1] - The company posted revenues of $536.4 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 8.29%, and showing an increase from year-ago revenues of $425.52 million [2] Stock Performance - HudBay Minerals shares have increased approximately 21.6% since the beginning of the year, outperforming the S&P 500's gain of 9.6% [3] - The current consensus EPS estimate for the coming quarter is $0.20 on revenues of $583.42 million, and for the current fiscal year, it is $0.76 on revenues of $2.26 billion [7] Industry Outlook - The Mining - Miscellaneous industry, to which HudBay Minerals belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of HudBay Minerals may be influenced by the overall outlook for the industry, as empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions [5][8]
Hydrofarm Holdings Group, Inc. (HYFM) Reports Q2 Loss, Lags Revenue Estimates
ZACKS· 2025-08-12 20:01
Core Viewpoint - Hydrofarm Holdings Group, Inc. reported a quarterly loss of $3.63 per share, significantly worse than the Zacks Consensus Estimate of a loss of $2.39, marking an earnings surprise of -51.88% [1][2] Financial Performance - The company posted revenues of $39.25 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 6.34% and down from $54.79 million a year ago [2] - Over the last four quarters, Hydrofarm has consistently failed to surpass consensus EPS and revenue estimates [2] Stock Performance - Hydrofarm shares have declined approximately 22.2% since the beginning of the year, contrasting with the S&P 500's gain of 8.4% [3] - The current Zacks Rank for Hydrofarm is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is -$2.45 on revenues of $35.8 million, and for the current fiscal year, it is -$10.36 on revenues of $153.7 million [7] - The trend of estimate revisions for Hydrofarm was mixed ahead of the earnings release, which could change following the recent report [6] Industry Context - The Agriculture - Products industry, to which Hydrofarm belongs, is currently ranked in the bottom 30% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]
Idaho Strategic Resources, Inc. (IDR) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2025-08-07 12:45
Group 1: Earnings Performance - Idaho Strategic Resources, Inc. reported quarterly earnings of $0.2 per share, exceeding the Zacks Consensus Estimate of $0.12 per share, and up from $0.17 per share a year ago, representing an earnings surprise of +66.67% [1] - The company posted revenues of $9.48 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 28.07%, compared to year-ago revenues of $6.13 million [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Idaho Strategic Resources shares have increased approximately 89.7% since the beginning of the year, significantly outperforming the S&P 500's gain of 7.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.16 on $8.2 million in revenues, and $0.61 on $31.1 million in revenues for the current fiscal year [7] Group 3: Industry Context - The Mining - Gold industry, to which Idaho Strategic Resources belongs, is currently ranked in the top 22% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]
Newmont Corporation (NEM) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2025-07-24 22:21
Newmont Corporation (NEM) came out with quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +37.50%. A quarter ago, it was expected that this gold and copper miner would post earnings of $0.84 per share when it actually produced earnings of $1.25, delivering a surprise of +48.81%.Over the last four qua ...
Comstock Metals and RWE Clean Energy Enter Strategic Solar Recycling Partnership
Newsfilter· 2025-04-16 10:30
Core Insights - Comstock Inc.'s subsidiary, Comstock Metals, has entered into a Master Services Agreement with RWE Clean Energy to provide sustainable solar panel recycling services [1][2][3] - The partnership aims for a zero-landfill solution for 100% of the recovered solar panel materials, emphasizing a commitment to sustainability and innovation [2][3] - Comstock Metals has already recycled over 4 million pounds of end-of-life solar materials for RWE, with expectations for increased demand in responsible recycling [3][4] Company Overview - Comstock Metals specializes in environmentally responsible recycling of solar panels and related renewable energy infrastructure, utilizing unique thermal delaminating processes [7] - Comstock Inc. focuses on innovating technologies for energy abundance, including the recycling of end-of-life electronics and natural resource conversion [8][9] Industry Context - RWE Clean Energy is the third largest renewable energy company in the U.S., with over 10 gigawatts of operating wind, solar, and battery projects [5] - The partnership between Comstock Metals and RWE reflects a growing trend in the renewable energy sector towards sustainable practices and responsible recycling [3][4]
TRX Gold (TRX) Reports Q2 Loss, Misses Revenue Estimates
ZACKS· 2025-04-14 22:46
Company Performance - TRX Gold reported a quarterly loss of $0.01 per share, matching the Zacks Consensus Estimate, compared to break-even earnings per share a year ago, resulting in an earnings surprise of -200% [1] - The company posted revenues of $9.11 million for the quarter ended February 2025, missing the Zacks Consensus Estimate by 47.05%, and showing an increase from year-ago revenues of $7.98 million [2] - Over the last four quarters, TRX Gold has not surpassed consensus EPS or revenue estimates [2] Stock Movement and Outlook - TRX Gold shares have declined approximately 2.3% since the beginning of the year, while the S&P 500 has decreased by 8.8% [3] - The future performance of TRX Gold's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.01 on revenues of $17.8 million, and for the current fiscal year, it is $0.04 on revenues of $67.5 million [7] Industry Context - The Mining - Gold industry, to which TRX Gold belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of TRX Gold's stock may be influenced by the overall outlook for the industry, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]
Comstock to Present at the Planet MicroCap Showcase: VEGAS in partnership with MicroCapClub on Wednesday, April 23, 2025 & 1x1 Meetings on Thursday, April 24, 2025
Globenewswire· 2025-04-10 10:30
Company Overview - Comstock Inc. (NYSE: LODE) focuses on innovating and commercializing technologies for energy abundance by efficiently extracting and converting under-utilized natural resources into renewable fuels and recovered electrification metals [3] - The company is also developing artificial intelligence technologies for advanced materials development and sustainable mining [3] Event Announcement - Corrado De Gasperis, Executive Chairman and CEO of Comstock, will present at the Planet MicroCap Showcase: VEGAS 2025 on April 23, 2025, at 8:00 AM Pacific Time [1] - The presentation will be accessible via a live webcast [1][2] Investor Engagement - Investors interested in attending the Planet MicroCap Showcase can register for 1x1 meetings with Comstock Inc. during the event [2]
Comstock to Present at the Planet MicroCap Showcase: VEGAS in partnership with MicroCapClub on Wednesday, April 23, 2025 & 1x1 Meetings on Thursday, April 24, 2025
Newsfilter· 2025-04-10 10:30
Company Overview - Comstock Inc. (NYSE:LODE) focuses on innovating and commercializing technologies for energy abundance by efficiently extracting and converting under-utilized natural resources into renewable fuels and recovered electrification metals [3] - The company is also developing artificial intelligence technologies for advanced materials development and sustainable mining [3] Event Announcement - Corrado De Gasperis, Executive Chairman and CEO of Comstock, will present at the Planet MicroCap Showcase: VEGAS 2025 on April 23, 2025, at 8:00 AM Pacific Time [1] - The presentation will be accessible via a live webcast [1] Investor Engagement - For those unable to attend the live presentation, all company presentations will be available on the conference event platform [2] - Investors can register for the event and book one-on-one meetings with Comstock Inc. [2]