Newmont's Q4 Earnings Expected to Show Strong Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy NEM?
Source: seekingalpha
- Earnings Per Share Expectation: Newmont is projected to report an EPS of $2.02 for Q4, reflecting a 44.3% increase, indicating strong profitability despite a 15% decline in gold production amid rising gold prices.
- Revenue Growth Projection: The company anticipates Q4 revenue of $6.25 billion, representing a 10.6% year-over-year increase, showcasing its ability to maintain stable sales performance driven by robust gold prices.
- Analyst Ratings Optimistic: Wall Street analysts are bullish on Newmont, rating it a Buy due to record free cash flow, new mine launches, and a streamlined organization, which are expected to enhance profitability further.
- Strong Market Performance: Newmont's stock has surged nearly 157% over the past year, significantly outperforming the S&P 500's 11.6% increase, reflecting strong market performance and investor confidence.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy NEM?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on NEM
Wall Street analysts forecast NEM stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 122.310
Low
89.00
Averages
110.85
High
125.00
Current: 122.310
Low
89.00
Averages
110.85
High
125.00
About NEM
Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver with operations and/or assets in the Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea regions. The Company's operations include Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM. The Brucejack operation includes four mining leases and six core mineral claims which cover 8,169 acres (3,306 hectares) and 337 mineral claims covering 298,795 acres (120,918 hectares). The Red Chris operation includes five mining leases which cover 12,703 acres and 199 mineral claims, encompassing an area of 164,903 acres (66,734 hectares). Penasquito includes 20 mining concessions for operations comprising 113,231 acres (45,823 hectares) and 60 mining concessions for exploration of 107,456 acres (43,486 hectares). The Merian operation includes one right of exploitation encompassing an area of 41,687 acres (16,870 hectares).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Newmont Corporation Stock Price Fluctuations Explained
- Gold Price Volatility: Newmont's stock price is closely tied to gold prices, which have fallen to $4,860 today, resulting in a 5.21% drop in Newmont's stock, reflecting investor sensitivity to gold price fluctuations.
- Silver Market Instability: After peaking at $116.58 on January 28, silver prices have dropped to $72.70 and have failed to recover above $80, further exacerbating Newmont's market volatility.
- Market Capitalization and Stock Price: Newmont has a market cap of $137 billion, with a current stock price of $119.24, fluctuating between $118.10 and $122.58 today, indicating cautious market sentiment regarding its future performance.
- Earnings Expectations and Investment Opportunity: Analysts predict Newmont will report earnings of $2.02 per share for Q4 and $6.46 for the year, leading to a price-to-earnings ratio of 18.4 at the current $119 share price, suggesting a potential annual growth of 32% over the next five years.
See More
Newmont's Q4 Earnings Expected to Show Strong Growth
- Earnings Per Share Expectation: Newmont is projected to report an EPS of $2.02 for Q4, reflecting a 44.3% increase, indicating strong profitability despite a 15% decline in gold production amid rising gold prices.
- Revenue Growth Projection: The company anticipates Q4 revenue of $6.25 billion, representing a 10.6% year-over-year increase, showcasing its ability to maintain stable sales performance driven by robust gold prices.
- Analyst Ratings Optimistic: Wall Street analysts are bullish on Newmont, rating it a Buy due to record free cash flow, new mine launches, and a streamlined organization, which are expected to enhance profitability further.
- Strong Market Performance: Newmont's stock has surged nearly 157% over the past year, significantly outperforming the S&P 500's 11.6% increase, reflecting strong market performance and investor confidence.
See More
U.S. Stocks Close Mixed, Apple Shares Rise on Product Launch News
- Market Performance Fluctuates: On Tuesday, the S&P 500 rose by 0.10%, the Dow Jones increased by 0.07%, while the Nasdaq 100 fell by 0.13%, indicating a mixed market recovery from early losses, with the Nasdaq 100 hitting a 2.75-month low, reflecting investor caution towards tech stocks.
- Apple Product Launch Boost: Apple shares surged over 3% after announcing a product launch on March 4, with several new devices expected in the coming weeks, which not only boosted Apple's market performance but also generated positive sentiment across the tech sector.
- Airline Stocks Rally: Airline stocks showed strong performance on Tuesday, led by a 6% increase in Southwest Airlines after UBS upgraded its rating from neutral to buy with a price target of $73, which not only enhanced the overall performance of airline stocks but also contributed to a more optimistic market outlook.
- Mixed Economic Data: The U.S. February NAHB housing market index unexpectedly fell to a 5-month low of 36, below the expected 38, while the February Empire manufacturing survey slightly declined to 7.1, indicating uncertainty in economic recovery, as the market remains focused on upcoming corporate earnings and economic news.
See More
Newmont Corp Shares Under Pressure Amid Market Caution
- Market Pressure Intensifies: Newmont Corp (NYSE:NEM) shares are under pressure during the Lunar New Year market closures in Asia, with investors remaining cautious ahead of the Fed meeting minutes, resulting in a 3.10% decline to $121.90.
- Volatility in Precious Metals: The precious metals market has experienced unusual volatility, with gold prices plummeting from $5,595 per ounce to $4,400 in just two days, reflecting market uncertainty and investor concerns.
- Focus on Fed Policy: Investors are closely watching the upcoming release of the Fed's meeting minutes, with markets not anticipating any rate changes until the June 16-17 meeting, despite Fed officials expecting inflation to ease back to 2% by mid-year.
- Technical Analysis: Newmont's stock is currently trading below key moving averages, indicating potential bearish pressure, with critical support at $108.00; a break below this level could lead to a more significant decline, while a move above $135.00 could signal a recovery.
See More
Retail Giants Earnings Season Nears Conclusion
- Earnings Calendar: This week, several retail, energy, and tech giants are set to report earnings, with investors particularly focused on Medtronic, Energy Transfer, and HIVE, while Carvana's Q4 results are due after Wednesday's close.
- Carvana Earnings Expectations: Analysts forecast Carvana to report earnings of $1.10 per share on revenue of $5.26 billion, with strong year-over-year growth in retail units and gross profit per unit, although investor concerns linger over a recent short-seller report alleging accounting irregularities.
- Walmart Earnings Focus: Walmart is expected to report earnings on Thursday, with estimates of $0.72 per share and revenue of $190.24 billion, as investors will closely monitor the growth of high-margin segments and commentary on consumer health.
- Opendoor Earnings Outlook: Opendoor is set to release its Q4 results after Thursday's close, with investors looking for updates on its turnaround plans and progress towards profitability by 2026, particularly regarding improvements in gross margins and the success of its AI-driven “capital-light” platform.
See More
Silver Prices Drop to 10-Day Low Amid Strong Dollar
- Silver Price Decline: Spot silver prices fell nearly 4% to $73.90 per ounce, marking their lowest level in over 10 days, indicating weakened market demand for precious metals which could impact the profitability of related mining companies.
- Gold Price Trends: Spot gold prices dropped nearly 2% to $4,910 per ounce, declining for the third consecutive session, reflecting a decrease in investor demand for gold as a safe haven, which may lead to increased price volatility in the future.
- Rising Dollar Index: The U.S. Dollar index gained approximately 0.4% over the past five sessions, with a 0.1% increase, putting pressure on precious metal prices and potentially prompting investors to reassess their portfolios.
- Bearish Market Sentiment: According to sentiment analysis from Stocktwits, iShares Silver Trust (SLV) remains in the 'extremely bearish' zone, reflecting a lack of confidence among investors regarding future silver prices, which could lead to further selling pressure.
See More
Newmont Corporation Stock Price Fluctuations Explained
- Gold Price Volatility: Newmont's stock price is closely tied to gold prices, which have fallen to $4,860 today, resulting in a 5.21% drop in Newmont's stock, reflecting investor sensitivity to gold price fluctuations.
- Silver Market Instability: After peaking at $116.58 on January 28, silver prices have dropped to $72.70 and have failed to recover above $80, further exacerbating Newmont's market volatility.
- Market Capitalization and Stock Price: Newmont has a market cap of $137 billion, with a current stock price of $119.24, fluctuating between $118.10 and $122.58 today, indicating cautious market sentiment regarding its future performance.
- Earnings Expectations and Investment Opportunity: Analysts predict Newmont will report earnings of $2.02 per share for Q4 and $6.46 for the year, leading to a price-to-earnings ratio of 18.4 at the current $119 share price, suggesting a potential annual growth of 32% over the next five years.
See More
Newmont's Q4 Earnings Expected to Show Strong Growth
- Earnings Per Share Expectation: Newmont is projected to report an EPS of $2.02 for Q4, reflecting a 44.3% increase, indicating strong profitability despite a 15% decline in gold production amid rising gold prices.
- Revenue Growth Projection: The company anticipates Q4 revenue of $6.25 billion, representing a 10.6% year-over-year increase, showcasing its ability to maintain stable sales performance driven by robust gold prices.
- Analyst Ratings Optimistic: Wall Street analysts are bullish on Newmont, rating it a Buy due to record free cash flow, new mine launches, and a streamlined organization, which are expected to enhance profitability further.
- Strong Market Performance: Newmont's stock has surged nearly 157% over the past year, significantly outperforming the S&P 500's 11.6% increase, reflecting strong market performance and investor confidence.
See More
U.S. Stocks Close Mixed, Apple Shares Rise on Product Launch News
- Market Performance Fluctuates: On Tuesday, the S&P 500 rose by 0.10%, the Dow Jones increased by 0.07%, while the Nasdaq 100 fell by 0.13%, indicating a mixed market recovery from early losses, with the Nasdaq 100 hitting a 2.75-month low, reflecting investor caution towards tech stocks.
- Apple Product Launch Boost: Apple shares surged over 3% after announcing a product launch on March 4, with several new devices expected in the coming weeks, which not only boosted Apple's market performance but also generated positive sentiment across the tech sector.
- Airline Stocks Rally: Airline stocks showed strong performance on Tuesday, led by a 6% increase in Southwest Airlines after UBS upgraded its rating from neutral to buy with a price target of $73, which not only enhanced the overall performance of airline stocks but also contributed to a more optimistic market outlook.
- Mixed Economic Data: The U.S. February NAHB housing market index unexpectedly fell to a 5-month low of 36, below the expected 38, while the February Empire manufacturing survey slightly declined to 7.1, indicating uncertainty in economic recovery, as the market remains focused on upcoming corporate earnings and economic news.
See More
Newmont Corp Shares Under Pressure Amid Market Caution
- Market Pressure Intensifies: Newmont Corp (NYSE:NEM) shares are under pressure during the Lunar New Year market closures in Asia, with investors remaining cautious ahead of the Fed meeting minutes, resulting in a 3.10% decline to $121.90.
- Volatility in Precious Metals: The precious metals market has experienced unusual volatility, with gold prices plummeting from $5,595 per ounce to $4,400 in just two days, reflecting market uncertainty and investor concerns.
- Focus on Fed Policy: Investors are closely watching the upcoming release of the Fed's meeting minutes, with markets not anticipating any rate changes until the June 16-17 meeting, despite Fed officials expecting inflation to ease back to 2% by mid-year.
- Technical Analysis: Newmont's stock is currently trading below key moving averages, indicating potential bearish pressure, with critical support at $108.00; a break below this level could lead to a more significant decline, while a move above $135.00 could signal a recovery.
See More
Retail Giants Earnings Season Nears Conclusion
- Earnings Calendar: This week, several retail, energy, and tech giants are set to report earnings, with investors particularly focused on Medtronic, Energy Transfer, and HIVE, while Carvana's Q4 results are due after Wednesday's close.
- Carvana Earnings Expectations: Analysts forecast Carvana to report earnings of $1.10 per share on revenue of $5.26 billion, with strong year-over-year growth in retail units and gross profit per unit, although investor concerns linger over a recent short-seller report alleging accounting irregularities.
- Walmart Earnings Focus: Walmart is expected to report earnings on Thursday, with estimates of $0.72 per share and revenue of $190.24 billion, as investors will closely monitor the growth of high-margin segments and commentary on consumer health.
- Opendoor Earnings Outlook: Opendoor is set to release its Q4 results after Thursday's close, with investors looking for updates on its turnaround plans and progress towards profitability by 2026, particularly regarding improvements in gross margins and the success of its AI-driven “capital-light” platform.
See More
Silver Prices Drop to 10-Day Low Amid Strong Dollar
- Silver Price Decline: Spot silver prices fell nearly 4% to $73.90 per ounce, marking their lowest level in over 10 days, indicating weakened market demand for precious metals which could impact the profitability of related mining companies.
- Gold Price Trends: Spot gold prices dropped nearly 2% to $4,910 per ounce, declining for the third consecutive session, reflecting a decrease in investor demand for gold as a safe haven, which may lead to increased price volatility in the future.
- Rising Dollar Index: The U.S. Dollar index gained approximately 0.4% over the past five sessions, with a 0.1% increase, putting pressure on precious metal prices and potentially prompting investors to reassess their portfolios.
- Bearish Market Sentiment: According to sentiment analysis from Stocktwits, iShares Silver Trust (SLV) remains in the 'extremely bearish' zone, reflecting a lack of confidence among investors regarding future silver prices, which could lead to further selling pressure.
See More
