Newmont Mining Corp. (NEM – Analyst Report) released their fourth quarter fiscal 2015 earnings results, posting earnings of $0.04 per share and revenue of $1.816 billion.
Currently, NEM has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Newmont Mining:
1. Missed earnings estimates. The company posted $0.04 per share, missing our Zacks Consensus Estimate of 0.14. This number excludes $0.54 from nonrecurring items.
2. Beat revenue estimates. The company saw revenue figures of $1.816 billion, surpassing our estimate of $1.751 billion.
3. Reported adjusted net income of $20 million.
4. Reported gold CAS at $680 per ounce and maintained gold AISC at $999 per ounce.
5. NEM was falling $0.74, or 2.98%, to $24.10 as of 4:30 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph that looks at Newmont Mining’s quarterly revenue and growth rate:
Newmont Mining Corporation (NEM – Analyst Report) Quarterly Revenue & Growth Rate | FindTheCompany
Newmont Mining Corp. is engaged in the production of gold, the exploration for gold, and the acquisition and development of gold properties worldwide. The company produces gold from mines in Nevada and California, and, outside of the United States, from operations in Peru, Indonesia, Mexico and Uzbekistan. Newmont Mining was founded in 1921 and is headquartered in Greenwood Village, Colorado.
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