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Newmont Mining (GB:0R28)
LSE:0R28
Holding GB:0R28?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.07Last Year’s EPS
$0.5Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: -33.38%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixture of strong financial performance and shareholder returns, but was overshadowed by ongoing safety concerns and increased costs due to inflation and operational challenges. While synergies from acquisitions have been achieved, production outlook and costs remain a concern.Company Guidance
During Newmont's Third Quarter 2024 Earnings Call, CEO Tom Palmer discussed the company's performance and future guidance, highlighting several key metrics. Newmont produced nearly 1.7 million ounces of gold and 430,000 gold equivalent ounces from other metals, including 37,000 tonnes of copper. The company generated $1.6 billion in cash flow from operations and $760 million in free cash flow. It is progressing with its noncore divestment program, expecting up to $1.5 billion from recent transactions. Newmont retired $233 million in debt and returned $786 million to shareholders through dividends and share repurchases. The company has also approved an additional $2 billion share repurchase program, increasing its total authorization to $3 billion. Looking ahead, Newmont anticipates producing 1.8 million ounces of gold in the fourth quarter, maintaining strong free cash flow, and achieving a synergy run rate target of $500 million from its acquisition of Newcrest. The company plans to focus on sustaining capital investments, especially in tailings facilities, and aims to optimize its core portfolio of 11 managed operations for long-term value creation.Strong Cash Flow and Divestment Progress
Generated $1.6 billion of cash flow from operations and $760 million in free cash flow. The divestment program has progressed, with transactions expected to deliver up to $1.5 billion in combined gross proceeds.
Synergy Achievements
Achieved a $500 million synergy run rate from G&A, supply chain, and full potential programs, surpassing goals set during the acquisition of Newcrest.
Increased Shareholder Returns
Returned $786 million to shareholders through share repurchases and quarterly dividends. Approved an additional $2 billion share repurchase program.
Operational Improvements
Production increased by 4% from the previous quarter, with a significant increase expected in the fourth quarter. Achievements in gold and copper recovery optimization at Red Chris and Lihir.
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GB:0R28 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:0R28 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $57.51 | $49.19 | -14.47% |
| Jul 24, 2024 | $46.99 | $45.50 | -3.17% |
| Apr 25, 2024 | $37.87 | $43.05 | +13.69% |
| Feb 22, 2024 | $32.17 | $30.34 | -5.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Newmont Mining (GB:0R28) report earnings?
Newmont Mining (GB:0R28) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Newmont Mining (GB:0R28) earnings time?
Newmont Mining (GB:0R28) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Newmont Mining stock?
The P/E ratio of Newmont Mining is N/A.
What is GB:0R28 EPS forecast?
GB:0R28 EPS forecast for the fiscal quarter 2024 (Q4) is $1.07.
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