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Newmont Corporation Set to Report Strong Q4 Earnings Driven by Rising Gold Prices and Increased Production
Wednesday
26 February, 2025
Newmont Corporation is on the brink of a remarkable earnings report, with analysts predicting a 90% year-over-year increase in EPS, driven by rising gold prices and increased production. As the company focuses on its Tier 1 assets, can it sustain this impressive growth trajectory amidst market volatility?
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Key Takeaways
- Newmont Corporation is projected to achieve a remarkable EPS of $0.95 for Q4 2024, reflecting substantial growth.
- The company reported adjusted earnings of $1.40 per share and increased gold production to 1.90 million ounces.
- Plans to sell non-core assets could yield up to $4.3 billion, enhancing future growth potential.
- With a P/E ratio of 15.24, Newmont's stock is expected to perform well in a rising gold market.
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