Newmont Mining’s earnings

Newmont Mining (NEM) is slated to release its Q1 2019 earnings on April 25 before the market opens. It plans to hold a conference call the same day at 9:00 AM ET. During its fourth-quarter results, it reported EPS of $0.40, beating the consensus estimate by $0.16. Its revenue of $2.05 billion also beat estimates by 9.0%.

What’s in the Cards for Newmont Mining’s Q4 Results?

Sign up for Bagels & Stox, our witty take on the top market and investment news, straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.

Newmont-Goldcorp Merger

As we highlighted in Newmont and Goldcorp Merge, Form World’s Largest Gold Company, on April 18, the merger of Newmont and Goldcorp was completed, resulting in the world’s largest gold miner. This merger combined Newmont’s 68.5 million ounces and Goldcorp’s 52.8 million ounces to form the world’s largest asset base. The combined entity would also have the largest gold reserve and resource base and the highest gold reserves per share in the world.

For Q1, the combined company is to present its results, and it will be interesting for investors to get insight into the synergy benefits the company expects from the merger. It should also be insightful to see the combined guidance from the company.

Increased shareholder returns

Increased shareholder returns were the main motivation behind the Newmont Mining and Goldcorp merger. The combined entity will likely focus on advancing projects that meet its minimum hurdle rate of 15%. The merged company is targeting $1 billion–$1.5 billion in asset divestitures over the next two years. The company has already identified $100 million in annual pre-tax savings. The company is expected to deliver the highest dividend among senior gold producers (GDX). It should be interesting to look for any updates to these targets on the company’s conference call.

Latest articles

Investors have been holding their breath for a Fed rate cut for a while now. But are they prepared in the event that that doesn't happen?

Innovative Industrial Properties (IIPR) continued to slump on July 22. The stock lost almost 6.8% of its value on the day.

22 Jul

Why AT&T Stock Is Down 2.2% Today

WRITTEN BY Ambrish Shah

AT&T stock (T) was trading at $32.14 with a 2.0% loss for the day. Earlier today, it posted a low of $32.08. Is the stock overvalued right now?

The Walt Disney Company’s (DIS) superhero film Avengers: Endgame has finally surpassed the record set by James Cameron’s Avatar.

22 Jul

Why Durect Corporation Is Soaring Today

WRITTEN BY Margaret Patrick

On July 22, Durect Corporation (DRRX) entered into a collaboration with HIV leader Gilead Sciences (GILD).

Pure Alpha, the flagship fund of Ray Dalio’s Bridgewater Associates, fell 4.9% in the first half, the Financial Times reported.