Why is newmont stock falling

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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.

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. 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. Benzinga Research. Log In. Our Services. News Earnings. Insider Trades. Markets Pre-Market. After Hours. Binary Options. CME Group.

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Elsewhere, the Dow gained 1. The gold and copper miner's shares have seen a decrease of Market participants will be closely following the financial results of Newmont Corporation in its upcoming release. Investors should also take note of any recent adjustments to analyst estimates for Newmont Corporation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.

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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

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. 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. Benzinga Research. Log In. Our Services. News Earnings.

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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. Learn More. How to Invest in Real Estate Online. Earnings Calendar. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Source: Shutterstock. Stock Apps. March 18, James Mickleboro. The dividend is payable March 28 to shareholders of record as of March 5. Best Crypto Day Trading Strategies. Vix

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Zacks Investment Research. Best Crypto IRA. Options Brokers. How to Buy Treasury Bonds. Markets Pre-Market. Invest in Real Estate. Stock Picks More Stock Picks. Crypto and DeFi Nasdaq Futures 18, What About Dividends? How to Invest in Jewelry. That's why even a small fall in the value of gold can send investors fleeing ASX gold shares.