Gold Mining Stocks' Nov 4 Earnings Roster: FNV, KGC & RGLD

Gold Mining Stocks’ Nov 4 Earnings Roster: FNV, KGC & RGLD

A few gold mining companies are lined up to release their quarterly numbers on Nov 4. Per the Zacks industry classification, the mining industry falls under the broader Basic Materials sector. Per the latest Earnings Trends, the sector is anticipated to log a decline of 17.1% in the third quarter. However, the slump is not restricted to this sector alone as 13 of the 16 Zacks sectors are expected to suffer declines this earnings season — mostly casualties of COVID-19 pandemic. On a positive note, the decline in third-quarter earnings will be less pronounced than 48.8% slump witnessed in the second quarter. This can primarily be attributed to demand recovery in China and rising commodity prices in the third quarter.

Gold has outperformed other major asset classes this year mainly riding on the COVID-19 crisis. The pandemic and its devastating impact on the global economy has impacted investor’s risk appetite […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet