Back to top

Image: Bigstock

Newmont Mining Corporation

Read MoreHide Full Article

Newmont saw its profits tumble in first-quarter 2016, hurt by lower gold and copper pricing. However, adjusted earnings beat the Zacks Consensus Estimate. Revenues rose on higher volumes, and topped expectations. Newmont is making notable progress with its growth projects that are expected to boost its production performance. We are also impressed by its cost management initiatives. Moreover, the acquisition of CC&V represents a significant opportunity for the company. However, Newmont is exposed to a volatile price environment and challenges in the copper market. Its production may also be affected by lower grades across specific mines and geopolitical issues.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Newmont Corporation (NEM) - free report >>

Published in