Investors looking for stocks in the Mining - Gold sector might want to consider either Newmont Corporation (NEM) or Alamos Gold (AGI) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, wh ...

A downtrend has been apparent in Newmont Corporation (NEM) lately with too much selling pressure. The stock has declined 11.7% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicator ...

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Gold is outperforming the S&P 500 in 2024. Shares of gold miner Newmont (NEM -1.69%) fell 14.7% on Thursday after the company reported thirdquarter 2024 results. The sell-off may seem strange, given gold prices are still hovering around an all-time high. Here's what's driving the sell-off in the dividend stock and why there may be better options for investing in gold than mining stocks. Newmont couldn't live up to the hype 2024 has been a phenomenal year for gold stocks and most mining stocks. In fact, unti ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File Number: 001-31240 NEWMONT CORPORATION (Exact name of registrant as specified in its charter) Dela ...

Financial Data and Key Metrics Changes - Newmont reported adjusted EBITDA of $2 billion, driven by sustained gold prices and strong quarterly production [20] - Adjusted net income increased to $0.81 per diluted share, up $0.09 compared to the second quarter [20] - Generated $1.6 billion in cash flow from operations and $760 million in free cash flow [20][21] - Retired $233 million in debt and returned $786 million to shareholders through share repurchases and dividends [7][24] Business Line Data and Key Metrics Changes - Produced nearly 1.7 million ounces of gold and 430,000 gold equivalent ounces from other metals, including 37,000 tons of copper [5] - Ahafo South achieved a nearly 15% increase in gold production over the second quarter [15] - Anticipated production of 1.8 million ounces of gold in the fourth quarter, an approximately 8% increase over the third quarter [11] Market Data and Key Metrics Changes - All-in sustaining costs for the fourth quarter are expected to be approximately $14.75 per ounce, representing an 8% reduction compared to the third quarter [26] - Production from Nevada Gold Mines and Pueblo Viejo is expected to significantly increase in the fourth quarter, crucial as these sites comprise over 20% of attributable gold production for 2024 [25] Company Strategy and Development Direction - Focus on strengthening safety culture and improving risk management systems following recent fatalities [2][27] - Committed to generating at least $2 billion in gross proceeds from the divestment of non-core assets, with significant progress made [6][28] - Emphasis on optimizing the go-forward portfolio of 11 managed operations and three projects in execution, with a focus on expanding margins and generating strong returns [29][66] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in cost expectations due to inflation and integration issues, particularly at Lihir, Brucejack, and Cadia [31][37] - Anticipated production from the core portfolio in 2025 is expected to be around 5.6 million ounces, reflecting adjustments from Lihir and Brucejack [34][66] - Management remains focused on disciplined capital allocation and ensuring that any new projects meet cost and return expectations [58] Other Important Information - Newmont has approved an additional $2 billion share repurchase program, bringing total authorization to $3 billion [23] - The company is advancing three key projects: Tanami expansion, Ahafo North, and Panel Caves at Cadia [17][18] Q&A Session Summary Question: Can you reflect on the cost profile and expectations for unit costs? - Management noted a strong correlation between gold prices and production costs, with expectations that costs may ease if gold prices do [31][32] Question: What is the new production guidance for 2025? - Management indicated that production from the core portfolio is expected to be around 5.6 million ounces, reflecting adjustments from Lihir and Brucejack [34] Question: Can you clarify the significant changes in cost expectations? - Management explained that higher costs were driven by labor inflation and integration challenges, particularly at Lihir and Cadia [36][39] Question: What is the outlook for labor inflation? - Management indicated that labor costs have escalated beyond initial expectations, particularly for contracted services [60] Question: What is the status of the Wafi project in terms of capital allocation? - Management confirmed that Wafi is competing for capital alongside other projects, with a disciplined approach to project execution [58] Question: What is the long-term production outlook? - Management stated that the long-term average production from the portfolio is expected to be around 6 million ounces, with a focus on margin expansion [66]

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...

Newmont Corporation (NEM) reported third-quarter 2024 earnings from continuing operations of 76 cents per share compared with 20 cents in the year-ago quarter. Barring one-time items, adjusted earnings were 81 cents per share, up from 36 cents reported in the prior-year quarter. It lagged the Zacks Consensus Estimate of 83 cents. Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company’s revenues for the third quarter were $4,605 million, up around 84.7% year over year. The figure ...

Newmont Corporation (NEM) came out with quarterly earnings of $0.81 per share, missing the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -2.41%. A quarter ago, it was expected that this gold and copper miner would post earnings of $0.53 per share when it actually produced earnings of $0.72, delivering a surprise of 35.85%. Over the last four qua ...