Symbol Lookup »
($$) Newsletters »
Self Directed Investor Inc
Newsletters ($$) »  Email alerts (free) »  RSS »
SDI: "Empowering investors with ideas and education"
$$  Newsletters  |  FREE   ♦ Articles · Videos · Calls  |  TOPICS  ETFs · Earnings · Economy · Energy ·  ♦ Gold · Income · Personal Finance · Trading


The Gold Stock Strategist analyzes leading junior gold producers and major gold mining companies.

Comments are welcomed!

Monday, May 4, 2009

Gold Miner Earnings Forecasts for Q1 2009

It is always a difficult task to project quarterly earnings, especially for gold mining companies. But analysts have a healthy go at it, hoping to be within a few percentage points of the actual earnings per share.

So far, for the 13 major gold producers the Gold Stock Strategist follows and for which analysts kindly provide quarterly earnings forecasts, the analysts have two "close enough" consensus forecasts, one "what did we miss?" forecast, and one real whopper of a miss.

The table that follows shows that four of the thirteen gold miners covered reported quarterly earnings last week. The four companies that reported were Agnico-Eagle (AEM), Barrick Gold (ABX), Buenaventura (BVN), and Newmont Mining (NEM). Analysts appeared to miss Agnico-Eagles tax recovery of $38.6 million equal to $0.25 per share in earnings. C'est la vie.

Gold Miner Earnings Calendar, Actuals & Forecasts for Q1 2009

(click to enlarge)

This upcoming week will be a big one for gold miners with 7 of the 13 large gold mining companies I cover reporting quarterly earnings.

On Tuesday, Kinross Gold (KGC), Yamana (AUY), release their earnings reports.

On Thursday, Eldorado (EGO), Gold Fields (GFI), Goldcorp (GG), and Randgold (GOLD) report.

And on Friday, South African miner Harmony Gold (HMY) reports quarterly earnings.

IAMGOLD (IAG) and AngloGold Ashanti (AU) report Q1 2009 earnings during the week of May 11-15.

This is the big week for investors in the largest gold mining companies. Let's hope the week ends on a positive note.

The Gold Stock Strategist

No comments:

Gold Price Chart--Interactive

HUI "Gold Bugs" Index--Interactive

Breaking News!

    follow me on Twitter

    Gold & Mining News

    Seeking Alpha on Gold and Miners

    Lijit Search

    Disclaimer and Copyright

    Gold Stock Strategist receives no payments from companies in exchange for coverage. The Editor does own and authors may own and trade stocks they mention.

    Nothing in is intended to be investment advice, nor does it represent the recommendations by or other authors.

    The reader accepts information on the Gold Stock Strategist with the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.

    The information on the Gold Stock Strategist is solely for the entertainment of the reader and authors.

    The Editor reserves the right to delete material deemed inappropriate for

    ©2008-2009, Nystrom & Associates LLC, All rights reserved and protected under US copyright law.

    FEEDJIT Live Traffic Feed

    SDI Featured Articles | Self Directed Investor | Copyright © 2008 - 2009, All Rights Reserved

    Any ideas and opinions presented in Self Directed Investor content are for informational and educational purposes only, and do not reflect the opinions of Self Directed Investor, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All site visitors agree that under no circumstances will Self Directed Investor, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.

    SDI is associated with: -- participation in SDI's conference calls is available exclusively to ValueForum members. | -- weekly SDI videos are produced by Market News Video. | -- stock quote content is at least 20 minutes delayed and is powered by Ticker Technologies. | -- Edited by Scott V. Nystrom, PhD, Gold Stock Strategist provides analysis on gold mining companies.