Newmont surges 15.30% in four days, ranks 98th in trading volume

On April 10, 2025, Newmont (NEM) saw a significant increase of 4.49%, marking its fourth consecutive day of gains and a total rise of 15.30% over the past four days. The company's trading volume reached 11.59 billion, placing it 98th in the day's market rankings.

Analysts have projected that Newmont will report non-GAAP earnings per share (EPS) of $3.60 for fiscal 2025, reflecting a 3.5% increase from the $3.48 reported in fiscal 2024. However, there are indications that the company's earnings may decline in the near term.

Newmont is scheduled to release its first-quarter 2025 earnings report after the market closes on April 23, 2025. This announcement is highly anticipated as it will provide insights into the company's performance and future outlook.

Newmont has projected a 10% to 22% growth in gold production for 2025, driven by the expansion of its Cote gold project mine, which is expected to become one of Canada's largest gold mines. This development is likely to bolster investor confidence in the company's long-term prospects.