Reported about 1 month ago
Shares of gold mining company Newmont fell 14.7% after it reported third-quarter results that disappointed investors despite rising gold prices. Analysts expected higher earnings per share, but Newmont fell short, with costs outpacing sales growth leading to concerns about profit margins. While Newmont remains up 19% year-to-date and offers dividends, some investors are reconsidering its value compared to simpler gold investments like ETFs.
Source: YAHOO