Why is newmont stock falling

Elsewhere, the Dow gained 1. The gold and copper miner's shares have seen a decrease of

Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. Learn More. As part of the acquisition , Newcrest shareholders at the time received 0. When we covered Newmont shares' first week on Monday, Newmont had performed decently, albeit with a bit of volatility along the way. But fast forward to today, and the picture is a lot bleaker for the Newmont share price. But after losing 1. That's a loss worth a painful 9.

Why is newmont stock falling

For many investors, the main point of stock picking is to generate higher returns than the overall market. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress. See our latest analysis for Newmont. There will continue to be wide discrepancies between price and value in the marketplace Over the three years that the share price declined, Newmont's earnings per share EPS dropped significantly, falling to a loss. Extraordinary items contributed to this situation. Since the company has fallen to a loss making position, it's hard to compare the change in EPS with the share price change. But it's safe to say we'd generally expect the share price to be lower as a result! The company's earnings per share over time is depicted in the image below click to see the exact numbers. Dive deeper into Newmont's key metrics by checking this interactive graph of Newmont's earnings, revenue and cash flow. When looking at investment returns, it is important to consider the difference between total shareholder return TSR and share price return.

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FY24 Outlook : The company expects gold production of around 6. Price Action : NEM shares are down 7. Benzinga does not provide investment advice. All rights reserved. Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about. My Account My Account.

Meanwhile, the Dow experienced a rise of 0. The the stock of gold and copper miner has risen by 2. The investment community will be paying close attention to the earnings performance of Newmont Corporation in its upcoming release. This would mark year-over-year growth of Investors might also notice recent changes to analyst estimates for Newmont Corporation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance.

Why is newmont stock falling

FY24 Outlook : The company expects gold production of around 6. Price Action : NEM shares are down 7. Benzinga does not provide investment advice. All rights reserved.

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Story continues. Copper is an attractive commodity right now given its use in EVs and renewable-energy infrastructure. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. How to Invest in Artwork. Market participants will be closely following the financial results of Newmont Corporation in its upcoming release. Alternatively, email editorial-team at simplywallst. Crypto and DeFi Binary Options. Scott Phillips just released his 5 best stocks to buy right now and you could grab the names of these stocks instantly! Index Fund Brokers. The company plans to focus on Tier 1 assets and emerging Tier 1 assets portfolio and plans to divest six non-core assets. Short Ideas. We simplify the market for smarter investing. Best Swing Trade Stocks.

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Excluding one-time items, per-share earnings came to 50 cents, ahead of the cent FactSet consensus. Money Compare Online Brokers. Alts Alternative Investment Platforms. But it's safe to say we'd generally expect the share price to be lower as a result! The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Best Stocks to Day Trade. Since a gold miner's costs are relatively fixed, even a small fall in the price of gold can have an outsized impact on the company's profitability. Long Ideas. Invest in Art. We simplify the market for smarter investing. March 4, Bernd Struben. Crypto Brokers. See The Free Research Report.