Newmont's Q3 Earnings Beat Estimates as Gold Prices Rise Y/Y
Newmont Corporation NEM reported third-quarter 2025 earnings of $1.67 per share compared with 80 cents in the year-ago quarter.Barring one-time items, adjusted earnings were $1.71 per share, up from 81 cents reported in the prior-year quarter. It topped the Zacks Consensus Estimate of $1.29.NEM’s revenues for the third quarter were $5,524 million, up roughly 20% from $4,605 million reported in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $4,973.8 million. The increase in the top line was primarily due to higher year-over-year realized gold prices. Additionally, costs also declined.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 third quarter of 1.42 million ounces was 4% lower than the prior quarter’s figure and also down 15% year over year. The figure lagged our estimate of 1.51 million ounces.Average realized prices of gold rose around 40.5% year over year to $3,539 per ounce. The figure topped our estimate of $3,357 per ounce.The company’s costs applicable to sales (CAS) for gold were $1,185 per ounce, down 1.8% year over year. The figure was higher than our estimate of $1,035 per ounce.All-in-sustaining costs (AISC) for gold were down around 2.8% year over year to $1,566 per ounce. The figure was lower than our estimate of $1,626 per ounce.NEM’s FinancialsThe company ended the quarter with cash and cash equivalents of $5,639 million, up 87% year over year. At the end of the quarter, the company had a long-term debt of $5,180 million, down 31.4% year over year.Net cash from continuing operations amounted to $2,298 million in the reported quarter, up from $1,637 million in the year-ago quarter.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, unchanged from its previous guidance. General and Administrative expenses guidance for 2025 has improved by $85 million, aided by cost savings. Reclamation and Remediation Accretion are projected to improve by $125 million, while exploration and advanced projects expenses are predicted to improve by $75 million.NEM’s Price PerformanceNewmont’s shares have gained 87.3% in the past year compared with a 79.3% rise in the industry.Image Source: Zacks Investment ResearchNEM’s Zacks Rank & Key PicksNEM currently sports a Zacks Rank #1 (Strong Buy).Other top-ranked stocks worth a look in the basic materials space are Royal Gold, Inc. RGLD, Avino Silver & Gold Mines Ltd. ASM and Fortuna Mining Corp. FSM. Royal Gold is scheduled to report third-quarter results on Nov. 5. The Zacks Consensus Estimate for RGLD’s third-quarter earnings is pegged at $2.30 per share. RGLD’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average surprise being 8.95%. Royal Gold currently flaunts a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.Avino Silver is slated to report third-quarter results on Nov. 6. The Zacks Consensus Estimate for third-quarter earnings is pegged at 3 cents per share. ASM’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average surprise being 141.67%. Avino Silver flaunts a Zacks Rank #2 (Buy) at present.Fortuna Mining is expected to report third-quarter results on Nov. 5. FSM carries a Zacks Rank #2 at present. Fortuna Mining’s earnings beat the consensus estimate in one of the last four quarters and missed thrice.Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.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 Royal Gold, Inc. (RGLD): Free Stock Analysis Report Fortuna Mining Corp. (FSM): Free Stock Analysis Report Avino Silver (ASM): 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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