What Drove Newmont Stock Down 33%?

1. Newmont's stock fell 33% since September, underperforming the S&P 500. 2. Rising operational costs and disappointing financial results pressured stock performance. 3. Despite revenue growth of 84%, costs are impacting profit margins. 4. NEM's PS multiple declined from 3.6x in 2021 to 2.5x currently. 5. Expect Q4 2024 guidance of 6.75 million ounces of production.