Published on 23 Apr 2024 on Zacks via Yahoo Finance
Newmont Corporation NEM is scheduled to report first-quarter 2024 results before the opening bell on Apr 25.The gold miner missed the Zacks Consensus Estimate in three of the trailing four quarters while beating it once. For this timeframe, the company delivered a negative earnings surprise of roughly 2.6%, on average. Newmont posted a negative earnings surprise of roughly 2% in the last reported quarter. NEM’s first-quarter performance is likely to have been aided by higher production and lower costs. Moreover, higher gold prices are expected to have supported its results. The stock has lost 22% in the past year compared with the industry’s 7.6% rise.
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