- Newmont ( NYSE: NEM ) is scheduled to announce Q4 earnings results on Thursday, February 23rd, before market open.
- The consensus EPS Estimate is $0.45 and the consensus Revenue Estimate is $3.1B (-8.6% Y/Y).
- Over the last 2 years, NEM has beaten EPS estimates 38% of the time and has beaten revenue estimates 25% of the time.
- Over the last 3 months, EPS estimates have seen 8 upward revisions and 4 downward. Revenue estimates have seen 4 upward revisions and 0 downward.
- The company on Nov. 1 posted weaker than expected Q3 adjusted earnings and revenues , saying that its results were hurt by lower gold prices, higher input costs and a tight labor market.
- NEM has a Quant rating of HOLD, with a 2.92 rating score.
- NEM has an industry ranking of 29 out of 45 in the gold sector, as per SA's Quant ranking.
- Wall Street analysts rate the NEM stock HOLD, while most Seeking Alpha authors rate it BUY .
- Recent Analysis: In February, UBS downgraded NEM shares to Neutral from Buy with a $53 price target, trimmed from $59, forecasting a ~15% dividend cut, a likelihood of higher costs, and saying the Newcrest takeover offer poses potential dilution risk.
- Other recent analysis from our contributors: Newmont: Rally May Be Coming As Gold Returns As Potential Recession Hedge by Juxtaposed Ideas.
- Newmont: Great Insurance For The Everyday Investor by DT Analysis.
- Recent News: Last week, the company announced the appointment of mining industry veteran Natascha Viljoen as executive vice president and chief operating officer.
- Earlier this month, Newcrest Mining said its board rejected NEM's all-stock takeover offer, saying it does not represent sufficient value for its shareholders.
- NEM stock fell 20.7% in 2022, while the benchmark S&P 500 index slipped nearly 20% .
For further details see:
Newmont Q4 earnings on deck, what to expect