- Newmont Corp’s Adjusted EPS increased to $1.25, surpassing both last year’s 55 cents and the estimate of 93 cents.
- Sales rose by 25% from the previous year, reaching $5.01 billion, exceeding the $4.75 billion estimate.
- Gold production was slightly below expectations at 1.54 million ounces, a decrease of 8.1% from the previous year.
- The average realized gold price per ounce sold increased to $2,944, well above both the previous year’s $2,090 and the $2,804 estimate.
- Adjusted EBITDA saw a 55% year-over-year increase, totaling $2.63 billion, above the estimated $2.28 billion.
- Free cash flow improved significantly to $1.21 billion from a negative $74 million last year, outperforming the estimate of $723.8 million.
- The gold all-in sustaining cost per ounce was $1,651, a 15% increase from last year, slightly below the expected $1,657.
- Market sentiment included 14 buy recommendations and 8 hold recommendations, with no sell recommendations.
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Newmont Mining on Smartkarma
Analysts on Smartkarma, such as Baptista Research, have been closely covering Newmont Mining, providing valuable insights into the company’s performance and future prospects.
In their recent reports, Baptista Research highlighted key aspects of Newmont Corporation’s operations, including the challenges and opportunities it faces. The analysts discussed the company’s focus on integration, rationalization, and stabilization of assets post-acquisitions and portfolio realignment. They also emphasized Newmont’s strategic transformations in 2024, focusing on integrating new assets, streamlining the portfolio, and adapting to the dynamic gold market conditions and industry challenges.
A look at Newmont Mining Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts examining Newmont Mining Corporation have assessed its long-term prospects using the Smartkarma Smart Scores. With a strong Momentum score of 5, the company appears to be in a favorable position for growth and upward movement in the future. Additionally, Newmont Mining received solid scores in Growth and Resilience, with both factors rated at 4. This suggests that the company is well-positioned to expand its operations and weather any potential challenges that may arise.
While Newmont Mining‘s Value and Dividend scores came in at 3, indicating a moderate performance in these areas, the overall outlook for the company seems positive. As a diversified mining corporation with operations across several countries, including the United States, Australia, Peru, and Indonesia, Newmont is well-placed to benefit from its global presence and mineral production capabilities.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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