The corporate reporting period has is starting.
Last week, 53 companies from the S&P 500 index reported.
Today we will look at Newmont. Its revenue is $5.6B. It grew by +10.0% compared to the corresponding value for the previous quarter and exceeded analysts’ expectations by +9.8%. Let’s analyze the company’s business in more detail.
Newmont is one of the world’s largest gold mining companies and also produces copper, silver, zinc and lead as by-products. The company owns 17 mines in the United States, Africa, Australia, and Papua New Guinea.
Newmont’s revenues increased by +143% year-on-year. During the reporting quarter, the company produced 6.8 million ounces of gold and 153 thousand tons of copper. The company carried out a $1.2B share buyback and paid dividends of $0.25 per share.
Production costs account for 42% of the revenue structure, and gross profit for 58%. For the last quarter, the company earned a profit of $1.4B. Its market capitalization is $51B.
After the publication of the report, Newmont’s shares fell by -5.6% to $45 per share. In general, market participants are dissatisfied with the company’s current financial results and reacted negatively to the forecasts for the next quarter.
**growth – % ratio of the amount of revenue for the last 4 quarters compared to this value calculated for the previous quarter
