Consider These Drivers as Analysts Estimate Gold Miners’ Earnings

Now that we’ve looked at analysts’ revenue estimates for the senior gold miners under review (GDX), let’s take a look at analysts’ EBITDA (earnings before interest, tax, depreciation, and amortization) estimates for these companies. In line with the expected fall in Barrick Gold’s (ABX) 2018 revenue, analysts expect a fall of 7.2% YoY (year-over-year) in ABX’s EBITDA to $3.7 billion. Newmont Mining’s (NEM) EBITDA for 2018 is also expected to fall 0.8% YoY to $2.6 billion.