Why is newmont stock falling

Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resourcesand more. Learn More. As part of the acquisitionNewcrest shareholders at the time received 0.

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

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. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. Over the past month, there's been a 1. The Mining - Miscellaneous industry is part of the Basic Materials sector. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Keep in mind to rely on Zacks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.

These latest adjustments often mirror the shifting dynamics of short-term business patterns. Short Selling Brokers. Most Shorted.

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.

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.

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March 5, James Mickleboro. All rights reserved. March 4, Bernd Struben. See The Free Research Report. So what's going so wrong for this ASX newcomer this week? Vix Similar Companies. Read full article. Insider Trades. From The Press. 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. To read this article on Zacks. Source: Shutterstock. But to understand Newmont better, we need to consider many other factors. Jim Cramer.

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Benzinga does not provide investment advice. Best Altcoins. Scott Phillips just released his 5 best stocks to buy right now and you could grab the names of these stocks instantly! Crypto Get Started. After Hours. Investors should also take note of any recent adjustments to analyst estimates for Newmont Corporation. The company's earnings per share over time is depicted in the image below click to see the exact numbers. This stock could generate golden returns for investors according to Bell Potter. Mutual Fund Brokers. Read full article. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. See The Free Research Report. The price of gold has fallen dramatically this week. Source: Shutterstock. ETF Brokers.