Newmont Goldcorp Corporation (NYSE:NEM) mining explorer, is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.85 per share.
For the full year, analysts predict revenues of $ 11613.30 million, while looking forward to income of $ 2.56 per share.
Previous Quarter Performance
Newmont Goldcorp Corporation revealed income for the second quarter of $ 0.32 per share, from the revenue of $ 2,365.00 million. The quarterly earnings raised 166.67 percent while revenues escalated 4.79 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.31 per share from $ 2412.06 million in revenue. The bottom line results beat street analysts by $ 0.01 or 3.23 percent, at the same time, top line results fell short of analysts by $ 47.06 million or 1.95 percent.
Stock Performance
Shares of Newmont Goldcorp Corporation traded low $ -3.00 or -4.87 percent on Wednesday, reaching $ 58.65 with volume of 9.79 million shares. Newmont Goldcorp Corporation has traded high as $ 60.55 and has cracked $ 58.29 on the downward trend
According to the previous trading day, closing price of $ 58.65, representing a 86.82 % increase from the 52 week low of $ 33.00 and a 14.64 % decrease over the 52 week high of $ 72.22.
The company has a market capital of $ 47.10 billion and is part of the Basic Materials sector and Gold industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.25 per share on July 23, 2020. The dividend were payable on September 24, 2020 to holders of record as of the close of business on September 10, 2020 and ex-dividend date on September 9, 2020.
Conference Call
Newmont Goldcorp Corporation will be hosting a conference call at 12:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.newmontgoldcorp.com
Newmont Goldcorp Corporation, together with its subsidiaries, operates in the mining industry. The company primarily acquires, develops, explores for, and produces gold, copper, and silver. Its operations and/or assets are located in the United States, Australia, Peru, Ghana, and Suriname.
