Movement Alert|Newmont Mining Rises 3.36% in Regular Trading, Pre-Earnings Optimism and Gold Price Strength Boost Shares

Market Focus
Jul 22

On July 22, Newmont Mining rose 3.36% in regular trading, trading at $95.75/share, with turnover of $70.41 million.

On the news front, the company is set to release its quarterly earnings report after market close on July 23. Market consensus expects revenue of $6.406 billion, up 30.50% year-over-year, adjusted EPS of $2.09, up 77.43% YoY, and EBIT of $3.199 billion, up 56.10% YoY. Analysts emphasize that the upward shift in gold price levels combined with production recovery provides strong earnings visibility.

Additionally, spot gold reclaimed the $4,140 level, providing broad support for gold equities. Wells Fargo noted limited downside risk for gold, projecting prices could reach $5,300-$5,500 per ounce by year-end. Across the sector, Coeur Mining rose 4.87%, AngloGold Ashanti gained 3.89%, Agnico Eagle Mines added 3.75%, Wheaton Precious Metals advanced 3.24%, and Barrick Mining climbed 3.01%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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