Newmont Goldcorp Corp (NGT:CA), one of the world’s leading gold producers, is poised to release its quarterly earnings in the midst of a buoyant gold price environment but also under the shadow of rising labor and inflationary costs.
Investors are watching closely to see whether elevated gold prices up nearly 27% in 2024 will offset higher operational expenses and contribute to a strong bottom line.
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Expected Q 4 Earnings Report of Newmont Goldcorp Corp
Newmont is set to announce its fourth quarter and full year 2024 results on Thursday, February 20, 2025, after North American markets close. Analyst consensus, according to LSEG data, projects an adjusted earnings per share of around $1.09.
While persistent cost pressures especially from labor contracts could weigh on margins, the robust gold price is anticipated to bolster free cash flow. Market participants will be especially interested in how the company balances these cost headwinds with potential moves on dividends and share buybacks.
Stock Target Advisor’s Analysis on Newmont Goldcorp Corp:
According to the latest data compiled by Stock Target Advisor and other analysts:
- Analyst Targets & Ratings
- The average analyst target price for Newmont Goldcorp Corp is CAD 59.00 over the next 12 months, with an Average Analyst Rating of Strong Buy.
- Most recent analyst actions include:
- Citigroup: Target lowered from CAD 66 to CAD 45 Rating: Buy
- Morningstar: Maintains rating at Buy, Target CAD 63
- At its last closing, the stock price was CAD 65.97, having changed by -0.51% over the past week, +5.69% over the past month, and +46.47% over the last year.
Conclusion:
As Newmont Goldcorp Corp heads into its fourth quarter and full-year 2024 earnings release on February 20, 2025, investors are keen to see whether the company’s cost-control strategies and favorable gold prices can maintain profitability.
While labor and inflationary pressures present tangible headwinds, strong free cash flow potential and a track record of stable returns may offer reasons for optimism.
Markets will also watch closely for any announcements regarding dividends and share repurchases, as Newmont seeks to balance shareholder rewards against ongoing operational challenges.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
