Newmont's Q2 Earnings Outpace Estimates on Higher Gold Prices
Newmont Corporation NEM reported second-quarter 2025 earnings from continuing operations of $1.85 per share compared with 73 cents in the year-ago quarter.Barring one-time items, adjusted earnings were $1.43 per share, up from 72 cents reported in the prior-year quarter. It topped the Zacks Consensus Estimate of $1.04 per share.NEM’s revenues for the second quarter were $5,317 million, up 20.8% from $4,402 million reported in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $4,582.5 million. The increase in the top line was primarily due to higher year-over-year realized gold prices.Newmont Corporation Price, Consensus and EPS Surprise Newmont Corporation price-consensus-eps-surprise-chart | Newmont Corporation QuoteNewmont’s Operational HighlightsNewmont's attributable gold production in the second quarter of 1.48 million ounces was 8.1% lower than the prior-year quarter’s figure. The figure beat our estimate of 1.42 million ounces.Average realized prices of gold rose around 41.4% year over year to $3,320 per ounce. The figure topped our estimate of $2,953 per ounce.The company’s costs applicable to sales (CAS) for gold were $1,215 per ounce, up 5.5% year over year. The figure lagged our estimate of $1,228 per ounce.All-in-sustaining costs (AISC) for gold were up around 2% year over year to $1,593 per ounce. The figure missed our estimate of $1,657 per ounce.NEM’s FinancialsThe company ended the quarter with cash and cash equivalents of $6,185 million, up 137.7% year over year. At the end of the quarter, the company had a long-term debt of $7,132 million, down 17.9% year over year.Net cash from continuing operations amounted to $2,384 million in the reported quarter, up from $1,428 million in the year-ago quarter.NEM’s board authorized an additional $3 billion share repurchase program.Newmont’s 2025 OutlookNewmont anticipates maintaining its expected gold production for 2025 at about 5.9 million ounces. The company also projects total CAS for gold at $1,200 per ounce and an AISC of $1,630 per ounce. General and Administrative expenses are forecasted at $475 million. Reclamation and Remediation Accretion are projected at $475 million, while exploration and advanced projects expenses are predicted at $525 million.NEM’s Price PerformanceNewmont’s shares have gained 31.7% in the past year compared with a 43.9% rise in the industry.Image Source: Zacks Investment ResearchNEM’s Zacks Rank & Key PicksNEM currently carries a Zacks Rank #3 (Hold).Better-ranked stocks worth a look in the basic materials space include Royal Gold, Inc. RGLD, Kinross Gold Corporation KGC and Agnico Eagle Mines AEM.Royal Gold is slated to report second-quarter results on Aug 6. The Zacks Consensus Estimate for earnings is pegged at $1.70. RGLD beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 9%. RGLD carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Kinross is scheduled to report second-quarter results on July 30. The Zacks Consensus Estimate for KGC’s second-quarter earnings is pegged at 27 cents. KGC beat the Zacks Consensus Estimate in three of the last four quarters, with the average earnings surprise being 16.1%. KGC currently carries a Zacks Rank #1.Agnico Eagle is slated to report second-quarter results on July 30. The consensus estimate for AEM’s earnings is pegged at $1.66. AEM, carrying a Zacks Rank #1, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 12.3%. #1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newmont Corporation (NEM): Free Stock Analysis Report Kinross Gold Corporation (KGC): Free Stock Analysis Report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Royal Gold, Inc. (RGLD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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