This week a number of major gold producers are releasing their figures for the past quarter. It starts today, Tuesday, with Newmont Goldcorp, followed later in the evening by B2Gold and on Wednesday by Barrick Gold. It will be exciting to see whether the publication of the figures will generate new impulses for equities. The price of gold itself currently stands at a good 1,500 dollars. After the breakout from the bullish flag upwards, a new momentum could also emerge here in the next few days.
Newmont Goldcorp announces its figures for the third quarter this afternoon before the stock market launch in the USA. Analysts expect earnings per share of 0.39 dollars. This would be an increase of 18.2 percent compared to the same period last year. According to analysts’ estimates, revenues are expected to increase by 63.6 percent to $2.83 billion. In the past two years, Newmont has exceeded the profit estimate in 88 percent of all cases, the sales estimates in 38 percent.
On Tuesday after the close of trading B2 Gold will present the figures for the third quarter. On average, the market expects earnings per share to rise by 40 percent year-on-year to 0.07 dollars. Turnover is expected to decline slightly to 309 million dollars.
Barrick Gold will finally follow on Wednesday. In the second quarter, Barrick reported revenues of $2.1 billion and earnings per share of $0.09. For the third quarter, the analysts expect sales and earnings to grow compared to the previous quarter and forecast sales of 2.7 billion dollars and earnings per share of 0.12 dollars.