Published on 29 Sep 2022 on Zacks via Yahoo Finance
In the latest trading session, Newmont Corporation (NEM) closed at $41.76, marking a -1.02% move from the previous day. This change was narrower than the S&P 500's daily loss of 2.11%. Elsewhere, the Dow lost 1.54%, while the tech-heavy Nasdaq lost 0.3%.
Heading into today, shares of the gold and copper miner had gained 2.01% over the past month, outpacing the Basic Materials sector's loss of 10.54% and the S&P 500's loss of 8.19% in that time.
Newmont Corporation will be looking to display strength as it nears its next earnings release. On that day, Newmont Corporation is projected to report earnings of $0.65 per share, which would represent year-over-year growth of 8.33%. Meanwhile, our latest consensus estimate is calling for revenue of $3.16 billion, up 9.31% from the prior-year quarter.