Newmont Earnings Preview: Set-Up For Another Disappointment?

A raft of analyst upgrades has helped Newmont shares climb from $41 to $55 in the last couple months, is the stage set for another earnings disappointment tomorrow?

Newmont (NYSE:NEM) reports its Q1 2025 earnings tomorrow after the market close. NEM shares have rallied sharply during the last couple weeks, while gold has risen from $3,000 to a high above $3,500 over the same time frame.

However, history suggests caution. In the past, owning NEM after a strong rally into earnings has not worked out well. A similar scenario played out in October 2024, when the stock traded above $58 ahead of its Q3 report amid rising gold prices and high expectations.