- Newmont Corp’s 1Q Adjusted EPS exceeded analysts’ original estimate of 38 cents, coming in at 55 cents.
- The quarter’s attributable gold production surpassed estimates with a final figure of 1.68 million ounces, against an estimated 1.61 million.
- Adjusted Ebitda for Newmont also beat projections with a value of $1.69 billion, compared to the estimated $1.41 billion.
- However, the company experienced a negative free cash flow of $74 million, diverging from the estimated positive cash flow of $148.7 million.
- The consensus from investment experts appears varied with 14 recommending to buy, 8 maintaining a hold position, and 1 advising to sell Newmont Corp stocks.
Newmont Mining on Smartkarma
Analysts on Smartkarma have been closely monitoring Newmont Mining, with insights from top independent researchers such as Baptista Research and Travis Lundy shedding light on the company’s performance and strategic moves.
Baptista Research‘s report on Newmont Corporation’s recent financials and guidance showcases a positive outlook, highlighting the company’s strong operational performance in 2023 and its balanced capital allocation strategy that benefited shareholders. On the other hand, Travis Lundy‘s analysis delves into the intricacies of the NCM selldown and its implications on Newmont, emphasizing the settlement logistics as an area of interest for potential trades.
A look at Newmont Mining Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Newmont Mining Corporation seems to have a positive long-term outlook. With strong scores in value and dividend at 4, the company appears to offer good value to investors and a stable dividend income. However, its growth score is lower at 2, indicating that the company may face challenges in terms of expansion and increasing market share. In terms of resilience and momentum, Newmont scores at 3, showing a moderate level of stability and market momentum.
Newmont Mining Corporation, known for acquiring, exploring, and developing mineral properties, primarily focuses on producing gold from various locations worldwide. The company’s presence in countries like the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand, and Mexico highlights its diversified operational base. Additionally, Newmont is involved in copper mining and processing in Indonesia, further expanding its mineral resource portfolio.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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