That’s going to leave a mark and may be enough to take the HUI back below its’ 50 dma. Hopefully investors will look at their future potential, but that doesn’t usually happen too quickly.
Newmont (NYSE:NEM) reported quarterly earnings of $0.33 per share which missed the analyst consensus estimate of $0.58 by 43.1 percent. This is a 28.26 percent decrease over earnings of $0.46 per share from the same period last year. The company reported quarterly sales of $2.68 billion which missed the analyst consensus estimate of $3.88 billion by 30.85 percent. This is a 12.26 percent decrease over sales of $3.06 billion the same period last year.
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