Newmont's Stellar Q2 Results Signal Undervaluation
By Laurent MAUREL.
A seasoned investor and financial analyst with over 20 years of expertise in the metals and mining sector. As the founder of Recherche Bay, he provides market analysis and investment insights for Family Offices and Private Equity firms. His expertise includes asset valuation, financial due diligence, and portfolio strategy, with accreditation from the AMF.
Newmont released exceptional quarterly results, far surpassing market expectations.
Revenue came in at $5.32 billion (vs. $4.85B expected), and adjusted EPS reached $1.43, well above the consensus estimate of $1.12.
Newmont is trading at $65, up +6%, hitting its highest level since April 2023. This marks a decisive trend reversal for the stock, driven by outstanding results and the market's gradual reappraisal of the gold sector.
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