News
NEM
43.83
+13.54%
5.23
Gold Glitters On Stagflation Tailwinds: Newmont Soars 13% In Biggest Gain Post-Covid, Leads Mining Sector Surge
Newmont Corp. Saw its share price spike 13% on Thursday after the company posted stronger-than-expected earnings. The world's largest gold miner is on track to achieve its best-performing session since April 2020. Newmont reported earnings per share of $0.55 for the first quarter of 2024.
Benzinga · 1h ago
Newmont surges to top of S&P after Q1 beat, strong asset sale interest
Newmont surges to top of S&P 500 after Q1 beat, strong asset sale interest. Newmont beats estimates for Q1 adjusted earnings and revenues. The company also disclosed strong interest in its asset sale plans. The stock is up 12.3% to a nine-month high.
Seeking Alpha · 1h ago
BUZZ-U.S. STOCKS ON THE MOVE-Loar, Regeneron, Intel
U.S. Stocks slumped on Thursday. Dow Jones Industrial Average was down 1.15% and the S&P 500 was down 0.76%. Most megacaps fell after Meta Platforms' quarterly results. Newmont Corp. Was the top percentage gainer on the NYSE and the Nasdaq.
Reuters · 2h ago
Stocks Drop, Tech Tumbles With Meta's Weak Outlook, Q1 Stagflation Fears; Gold Miners Advance: What's Driving Markets Thursday?
U.S. Economy grew by a slower-than-expected 1.6% in the first quarter of 2024, missing expectations of 2.5%. Meta Platforms Inc. Saw its worst day since October 2023 as its revenue forecasts were lower than expected. The S&P 500 and the tech-heavy Nasdaq 100 dropped by 1% and 1.2% in Thursday's session. Gold miners in the spotlight following stronger-than expected quarterly results from Newmont Corp.
Benzinga · 2h ago
Noteworthy Thursday Option Activity: NEM, GILD, GOOG
NASDAQ · 2h ago
Newman Mining (NEM.US) Q1 revenue remained flat year on year, gold production increased 31.6% year on year
Zhitongcaijing · 2h ago
Why Gold Miner Newmont Shares Are Surging Today
Newmont Corporation reported first-quarter FY24 results. Revenue reached $4.023 billion, above the consensus of $3.670 billion. Gold production fell 4% Y/Y to 1.675 million ounces due to lower output at Tanami. Newmont shares are trading higher.
Benzinga · 3h ago
BUZZ-U.S. STOCKS ON THE MOVE-Viking, Alphabet, Dover
U.S. Stocks were sharply lower on Thursday. The Dow Jones Industrial Average was down 1.58% and the S&P 500 and Nasdaq Composite were also down. Meta Platforms dropped 12.7% after dour quarterly results. Newmont Corp was the top percentage gainer on the S.P. 500 and the Nasdaq.
Reuters · 3h ago
US STOCKS-Wall St loses over 1% amid fading rate-cut hopes
US STOCKS-Wall St loses over 1% amid fading rate-cut hopes. Meta Platforms plunges 13.0% after disappointing quarterly results. IBM down after HashiCorp deal, disappointing Q1 revenue Caterpillar falls on downbeat sales forecast. Indexes down: Dow 1.61%, S&P 1.30%, Nasdaq 1.77%.
Reuters · 3h ago
Newmont Mining Outperforms with Strong Q1’24 Results and Strategic Asset Monetization: A Buy Recommendation
TipRanks · 4h ago
NEM Stock Earnings: Newmont Beats EPS, Misses Revenue for Q1 2024
Newmont reported earnings per share of 55 cents for the first quarter of 2024. The company reported revenue of $4.02 billion. Newmont's revenue was 20.02% worse than the analyst estimate of $5.03 billion. NEW: Newmont also reported results for the fourth quarter of 2015.
Investorplace · 4h ago
Newmont Q1 Earnings: A Solid Buy-The-Dip Candidate
Newmont Corporation had a solid start to the year in Q1 2024 with gold production up sharply following the Newcrest acquisition. The company reported production of 1.68 million ounces of gold, a 32% increase from the same period last year. Newmont's gold-equivalent ounce production soared by 70% year-over-year. Free cash flow was impacted by a stamp duty payment and AISC margins will surge in Q2. The VanEck Gold Miners ETF (GDX) reports Newmont Corporation's Q1 results.
Seeking Alpha · 4h ago
Newmont Says Q2 Production And Costs Expected To Remain Consistent With Q1
Benzinga · 4h ago
NEWMONT: Q2 PRODUCTION AND COSTS EXPECTED TO REMAIN CONSISTENT WITH Q1 - CONF CALL
Reuters · 4h ago
S&P 500 Movers: META, TYL
NASDAQ · 5h ago
Newmont Corp. Up Over 9%, On Track for Largest Percent Increase Since April 2020 -- Data Talk
Newmont Corporation (NEM) is currently at $42.11, up $3.51 or 9.09% -- Up four of the past five days. Best performer in the S&P 500 today. Down 50.7% from its all-time closing high of $85.42.
Dow Jones · 5h ago
Newmont Corporation reports results for the quarter ended in March - Earnings Summary
Newmont Corporation reports quarterly adjusted earnings of 55 cents per share for the quarter ended in March. Revenue rose 50.2% to $4.02 billion from a year ago. The company reported quarterly income of $170 million. Newmont Corporation shares had risen by 7.7% this quarter.
Reuters · 5h ago
SHARES OF NEWMONT CORP UP 5.2% AFTER Q1 PROFIT BEAT
Reuters · 6h ago
BUZZ-U.S. STOCKS ON THE MOVE-Chipotle Mexican Grill, Valero Energy, Union Pacific
Dow e-minis were down 1.14% in early trading. Chipotle Mexican Grill, Valero Energy, Union Pacific among top U.S. Stocks on the move. Meta Platforms down 15.3% after dour quarterly results. Sign of persistent inflation dampens hopes of Federal Reserve cutting interest rates.
Reuters · 6h ago
FACTBOX-Top deals in the global mining sector
BHP Group BHP.AX has bid $38.8 billion for smaller rival Anglo American AAL.L. The deal would create the world's biggest copper miner. The mining sector has seen a number of big-ticket deals in recent years. The world's top gold and coal miners have also made big deals in the sector.
Reuters · 6h ago
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About NEM
Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver. The Company’s portfolio of assets and prospects is anchored in mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Its African operations include Ahafo and Akyem. Its Australian operations include Boddington, Cadia, Tanami and Telfer. Its Latin America and Caribbean (LATAC) operations include Cerro Negro, Merian, Penasquito, Pueblo Viejo JV and Yanacocha. Its North American projects include Brucejack, Cripple Creek & Victor, Eleonore, Musselwhite, Nevada Gold Mines JV, Porcupine and Red Chris. Its Papua New Guinea projects include Lihir. Its Ahafo mine is located in the Ahafo region, approximately 290 kilometers (km) northwest of Accra, Ghana. Boddington is located 130 km southeast of Perth in Western Australia and its project area comprises over 52,506 acres (21,249 hectares) of mining tenure leased from the State of Western Australia.