Newmont Posts Record Q2 Adjusted Net Income, $3.8B EBITDA

Newmont Corp. posted a record adjusted net income of $2.10 a share in the second quarter. Adjusted EBITDA hit $3.8 billion, and free cash flow also set a record for the period.

Shares rose the following morning after the July 23 release. The gold miner’s results arrived as gold prices remained volatile, swinging on Federal Reserve rate expectations and central bank buying.

Newmont’s Alpha Score from AlphaScala stands at 66 out of 100, a Moderate rating, reflecting its position in the Materials sector and the stock’s current valuation. The company generated strong cash flow even as the gold market fluctuated, reinforcing its balance sheet.

AlphaScala’s model rates Newmont as a Moderate opportunity based on the earnings momentum and valuation. The stock page provides further detail on the score and its components.