Newmont Goldcorp Shares Decline After 3Q Miss

Date : 11/05/2019 @ 6:41PM
Source : Dow Jones News
Stock : Newmont Goldcorp Corporation (NEM)
Quote : 41.12  0.22 (0.54%) @ 11:11PM
After Hours
Last Trade
Last $ 41.10 ▼ -0.02 (-0.05%)

Newmont Goldcorp Shares Decline After 3Q Miss

Newmont Goldcorp (NYSE:NEM)
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2 Months : From Oct 2019 to Dec 2019

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   By Dave Sebastian 
 

Shares of Newmont Goldcorp Corp. (NEM) fell 4.8% to $37.02 after the company on Tuesday posted lower-than-expected adjusted profit and slightly lowered its 2019 gold-production outlook.

The Denver-based mining company posted adjusted earnings of 36 cents a share, compared with 33 cents a share in the prior year. Analysts polled by FactSet were looking for 39 cents a share.

Newmont now expects production of 6.3 million ounces in 2019, down from its previous forecast of 6.5 million ounces.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

November 05, 2019 13:26 ET (18:26 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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