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.

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.

Why is newmont stock falling

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. The price of gold has fallen dramatically this week. But, as my Fool colleague James covered just this morning , gold has been falling in value every day this week. Like any gold miner, the intrinsic value of Newmont is highly correlated with the price of gold. 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. That's why even a small fall in the value of gold can send investors fleeing ASX gold shares.

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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.

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. Newmont Corporation presently features a Zacks Rank of 3 Hold.

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.

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Forex Brokers. How to Invest in Real Estate Online. Index Fund Brokers. Of course, this works in reverse, too, with any rises in the gold price delivering exponential increases in gold miners' profitability. Short Ideas. All rights reserved. Like any gold miner, the intrinsic value of Newmont is highly correlated with the price of gold. How to Buy Cryptocurrency? FDA Calendar. But it's safe to say we'd generally expect the share price to be lower as a result! Benzinga Research.

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March 7, James Mickleboro. Bond Brokers. The company's earnings per share over time is depicted in the image below click to see the exact numbers. Stock Brokers. When looking at investment returns, it is important to consider the difference between total shareholder return TSR and share price return. Ratings Analyst Color. After Hours. That's why even a small fall in the value of gold can send investors fleeing ASX gold shares. Today, you can download 7 Best Stocks for the Next 30 Days. Price Target. Investing Ideas. The dividend is payable March 28 to shareholders of record as of March 5. NFT Release Calendar. Best Crypto IRA.