Can NEM sustain its Q4 2024 earnings momentum?

Newmont Corporation (NEM) exhibits strong potential to sustain its Q4 2024 earnings momentum across various financial metrics and strategic initiatives: 1. **Robust Financial Performance**: Newmont reported a net income of $1.42 billion and total revenue of $5.65 billion in Q4 2024, marking significant year-over-year growths of 145.14% and 42.84%, respectively. The Diluted Earnings Per Share (EPS) surged by 138.39%, indicating a strong profitability period. |code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code| |---|---|---|---|---|---|---|---| |NEM|NEM.N|Newmont|2024 Q1|-50.688705234159784|50.16797312430011|-65.90909090909092|169| |NEM|NEM.N|Newmont|2024 Q2|452.90322580645164|64.07007081625046|289.4736842105263|169| |NEM|NEM.N|Newmont|2024 Q3|466.8711656441718|84.71720818291215|300.00000000000006|169| |NEM|NEM.N|Newmont|2024 Q4|145.13977128335452|42.835481425322214|138.39009287925697|169| 2. **Strategic Growth Initiatives**: Newmont's recent acquisitions, such as the purchase of Goldcorp in 2019 and Newcrest in November 2023, have enhanced its production capabilities and geographic reach. The company's focus on divesting higher-cost mines and investing in sustainable projects, like the sulfides project at Yanacocha, suggest a forward-looking strategy to maintain operational efficiency and reduce costs. 3. **Market Position and Scale**: As the world's largest gold miner, Newmont's global leadership and production scale provide significant operational efficiencies and bargaining power with suppliers. This position is expected to support its financial performance and sustain earnings momentum. 4. **Dividend Sustainability**: Newmont has a history of consistent dividend payments, with a recent dividend yield of 3.44% and a forward dividend yield of 2.38%. The company's profitability rank and revenue per share growth suggest a sustainable dividend outlook. 5. **Analyst Confidence**: The average analyst price target for Newmont is $50, with a consensus rating of "Neutral," implying a positive outlook for the company's future performance. In conclusion, Newmont's strong financial results, strategic growth initiatives, market position, dividend sustainability, and analyst confidence suggest that the company is well-positioned to sustain its Q4 2024 earnings momentum.