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Barchart
Barchart
Aditya Sarawgi

Newmont’s Earnings Preview: What to Expect

Denver, Colorado-headquartered Newmont Corporation (NEM) produces and explores gold, copper, zinc, lead, and silver. Valued at $47.3 billion by market cap, the company boasts a portfolio of assets, opportunities, and a talented workforce in key mining regions across Africa, Australia, Latin America & the Caribbean, North America, and Papua New Guinea. 

The world’s leading gold company is set to announce its fourth-quarter results after the market closes on Thursday, Feb. 20. Ahead of the event, analysts expect NEM to report a profit of $0.94 per share, up a staggering 88% from $0.50 per share in the year-ago quarter. While the company beat Wall Street’s bottom-line projections twice over the past four quarters, it missed the forecasts on two other occasions.

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