Newmont Mining Q2 2016 Earnings Preview: Higher Gold Prices To Boost Q2 Results

+49.20%
Upside
34.42
Market
51.36
Trefis
NEM: Newmont Mining logo
NEM
Newmont Mining

We expect Newmont Mining to report improved earnings on a year-over-year basis, driven by an improvement in gold prices this year. Gold prices have risen sharply this year largely as a result of a surge in the investment demand for gold, driven by concerns over global economic growth exacerbated by the outcome of the UK’s EU referendum. The subdued global economic outlook has also weakened the chances of an interest rate hike by the Fed this year, which has further supported a rally in gold prices. This is expected to positively impact the earnings results of gold mining companies such as Newmont. Moreover, a stable all-in sustaining cost outlook for the year will allow higher gold prices to translate into higher earnings for Newmont Mining in Q2 2016.

NEM Q2 2016 Pre-Earnings

Check out our realized price forecasts for Newmont Mining

Relevant Articles
  1. Is Newmont Stock Attractive Post The Q2 Sell-Off?
  2. What To Expect From Newmont’s Q1 2023 Earnings
  3. What’s Happening With Newmont Stock?
  4. Why Newmont Stock Looks Attractive
  5. What’s Next For Newmont Stock After A Tough Q2 Report
  6. Will Newmont Stock Bounce Back?

Have more questions about Newmont Mining? See the links below.

Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Newmont Mining

See More at Trefis | View Interactive Institutional Research (Powered by Trefis)

Get Trefis Technology