Newmont (NYSE:NEM) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$4.61b (up 85% from 3Q 2023).
- Net income: US$873.0m (up 456% from 3Q 2023).
- Profit margin: 19% (up from 6.3% in 3Q 2023).
- EPS: US$0.76 (up from US$0.20 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Newmont Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 17%.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Metals and Mining industry in the US.
Performance of the American Metals and Mining industry.
The company's shares are down 16% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Newmont (1 is potentially serious!) that we have uncovered.
Valuation is complex, but we're here to simplify it.
Discover if Newmont might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:NEM
Undervalued with excellent balance sheet.
