Overview

* Newmont Corp ( NEM ) Q3 revenue beats analyst expectations, driven by higher realized gold prices

* Adjusted EPS for Q3 exceeds consensus, reflecting strong operational performance

* Company reports record free cash flow of $1.6 bln, marking fourth consecutive quarter over $1 bln

Outlook

* Newmont ( NEM ) improves 2025 guidance for cost metrics and capital spend

* Company expects Q4 production in line with Q3, driven by Ahafo North

* 2026 production expected within 2025 guidance range

Result Drivers

* COST SAVINGS - Newmont's ( NEM ) cost savings initiatives led to improved 2025 cost and capital guidance

* ASSET SALES - Co received $640 mln from asset and equity sales, contributing to cash flow

* HIGHER GOLD PRICES - Increased average realized gold price to $3,539/oz supported revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $5.52 $5.18

Revenue bln bln (8

Analysts

)

Q3 Beat $1.71 $1.43

Adjusted (12

EPS Analysts

)

Q3 EPS $1.67

Q3 $1.88

Adjusted bln

Net

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the gold peer group is "buy"

* Wall Street's median 12-month price target for Newmont Corporation ( NEM ) is $104.00, about 17% above its October 21 closing price of $86.32

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)