Have you heard of the Newmont share $NEM (-6,42%) heard? The mining group recently published its balance sheet for the fourth quarter of 2024 and the figures look promising.
Compared to the previous year, Newmont has achieved a turnaround: earnings per share rose from -3.22 US dollars to a pleasing 1.40 US dollars, exceeding analysts' expectations of 1.08 US dollars. Turnover was also impressive, at USD 5.63 billion, well above the previous year's USD 3.92 billion and estimates of USD 5.14 billion.
For the full year 2024, Newmont reports earnings per share of USD 3.47, compared to USD -3.0 in the previous year. Revenue climbed from USD 11.78 billion to USD 18.68 billion, which also exceeded analysts' forecasts of USD 18.21 billion.
Following this positive news, the Newmont share price rose by 1.95% to 49.03 US dollars after the close. A good reason to keep an eye on developments! What do you think of the latest figures? 📈