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


(END) Dow Jones Newswires

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

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

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