Newmont Corporation reports results for the quarter ended March 31 - Earnings Summary

• Newmont Corporation NEM.N reported quarterly adjusted earnings of $1.25​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 90 cents per share. Wall Street expected results to range from 80 cents to 98 cents per share.

• Revenue rose 24.5% to $5.01 billion from a year ago; analysts expected $4.68 billion.

• Newmont Corporation's reported EPS for the quarter was $1.68​.

• The company reported quarterly net income of $1.89 billion.

• Newmont Corporation shares had risen by 13.0% this quarter and gained 46.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.9% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the gold peer group is also "buy"

• Wall Street's median 12-month price target for Newmont Corporation is $60.00

This summary was machine generated from LSEG data April 23 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)