Earnings expectations vs Peer earnings So Newmont reported adjusted earnings of .36/sh below analysts expectations concensus of .39/sh.
Newmonts AISC rose $10 to $987/oz.
Newmont market cap is 30.3B US KL has market cap $9.4B US .
If KL has earnings tomorrow .70 - .80 that would be about using .75 as a midpoint and 210M shares = $157.5M
NEM earnings .36 with 820M shares = $295.2 M
So NEM earnings are less than twice KL yet their market cap is close to 4 times KL's market cap.
NEM is down today but at least they still have some earnings. I wonder how much Barrick will lose this quarter.
KL's operations are all in politically safe jurisdictions (Canada & Australia). This should deserve a premium value, amount of reserves look to be rising in Canada and we'll see about Australia soon.
How can anyone own Barrick or Newmont and not own KL. They may have more leverage to a rising gold price because of their poor earnings todate but KL has some leverage and also is grossly undervalued at present.