Newmont earnings preview: Buy ratings intact; gold prices, buybacks key to Q2
Seeking Alpha ·
Newmont (NYSE) is set to report second-quarter earnings after the market closes on July 23. Wall Street expects the gold miner to post non-GAAP EPS of $1.98 on revenue of $6.31B. The company heads into earnings after a strong first quarter, when
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Newmont is scheduled to release its Q2 earnings after the market closes on July 23, with Wall Street expecting non-GAAP earnings per share (EPS) of $1.98 and revenue of $6.31 billion. Rising gold prices and share buybacks are cited as key focal points for this earnings release, and the buy rating is being maintained. Investor attention is focused on whether the company will continue its strong performance trend from Q1.
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- Materials — Investor sentiment across the mining sector is improving due to rising gold prices and expectations of reaching the projected revenue of $6.31 billion.
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