5 Most Anticipated Earnings to Watch on Monday

1. Newmont Corporation (NYSE:NEM)

Number of Hedge Fund Holders: 53

Newmont Corporation (NYSE:NEM) plans to release its second-quarter results before the market opens on Monday, July 25, 2022. The world’s biggest gold mining company is expected to earn 70 cents per share on revenue of $3.19 billion.

Shares of Newmont Corporation (NYSE:NEM) have lost substantial value in recent months. The stock has declined more than 30 percent over the last three months. Much of that drop has been attributed to falling gold prices since Newmont Corporation (NYSE:NEM) generates most of its revenue from gold.

Meanwhile, industry experts believe that a drop in gold prices would likely continue, given a sharp surge in inflation and interest rates. Investors might avoid tangible assets, including gold, due to these factors. As a result, Newmont Corporation (NYSE:NEM) shares would likely stay under pressure in the near term.

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