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Newmont Corporation Registered Shs CHESS (AU:NEM)
:NEM
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.38Last Year’s EPS
0.85Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: ―
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, successful divestment actions, and advancements in key projects, while also acknowledging challenges in new asset integration and higher-than-desired costs. Despite some challenges, the overall outlook remains strong due to strategic progress and financial achievements.Company Guidance
During Newmont's Fourth Quarter and Full Year 2024 Results Conference Call, CEO Tom Palmer highlighted the company's achievements and future guidance. Newmont exceeded its production guidance by delivering 6.8 million ounces of gold and over 150,000 tons of copper in 2024, with 85% from its core portfolio. The divestment program was a success, with potential pretax proceeds of up to $4.3 billion, resulting in an estimated $2.5 billion in cash proceeds in the first half of 2025. Newmont's 2025 guidance includes a gold production target of 5.6 million ounces at an all-in sustaining cost of $1,620 per ounce, with sustaining capital expected to be $1.8 billion. The company ended 2024 with $3.6 billion in cash and $7.7 billion in liquidity while retiring $1.4 billion in debt. Newmont is focused on cost and productivity improvements, maintaining a strong balance sheet, and returning capital to shareholders through dividends and share repurchases.Record Free Cash Flow in Q4 2024
Newmont generated a record free cash flow of $1.6 billion in the fourth quarter of 2024, driven by strong gold prices, higher sales volumes, and positive working capital movements.
Successful Divestment Program
Newmont sold or reached definitive agreements to sell all six non-core operations, potentially delivering up to $4.3 billion in pretax proceeds and removing approximately $1.8 billion in closure liabilities from the balance sheet.
Strong Financial Position
The company ended 2024 with over $3.6 billion in cash and $7.7 billion in liquidity, while retiring $1.4 billion in debt and maintaining a strong investment-grade balance sheet.
Exceeded Production Guidance
Newmont exceeded its production guidance by delivering 6.8 million ounces of gold and over 150,000 tons of copper in 2024.
Advancement of Key Projects
Newmont made substantial progress on three key projects: Ahafo North, Tanami Expansion 2, and Panel Caves at Cadia, which are expected to enhance future production and reduce operating costs.
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AU:NEM 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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AU:NEM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | AU$74.90 | AU$73.11 | -2.39% |
| Oct 23, 2024 | AU$86.82 | AU$81.38 | -6.27% |
| Jul 24, 2024 | AU$70.64 | AU$71.53 | +1.26% |
| Feb 22, 2024 | AU$49.34 | AU$49.52 | +0.36% |
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 Corporation Registered Shs CHESS (AU:NEM) report earnings?
Newmont Corporation Registered Shs CHESS (AU:NEM) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Newmont Corporation Registered Shs CHESS (AU:NEM) earnings time?
Newmont Corporation Registered Shs CHESS (AU:NEM) earnings time is at Apr 24, 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 Corporation Registered Shs CHESS stock?
The P/E ratio of Newmont Corporation CHESS is N/A.
What is AU:NEM EPS forecast?
AU:NEM EPS forecast for the fiscal quarter 2025 (Q1) is 1.38.
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