Why Is Gold Mining Dividend Stock Newmont Selling Off With Gold Prices at All-Time Highs?

Gold is outperforming the S&P 500 in 2024. Shares of gold miner Newmont (NEM -1.69%) fell 14.7% on Thursday after the company reported thirdquarter 2024 results. The sell-off may seem strange, given gold prices are still hovering around an all-time high. Here's what's driving the sell-off in the dividend stock and why there may be better options for investing in gold than mining stocks. Newmont couldn't live up to the hype 2024 has been a phenomenal year for gold stocks and most mining stocks. In fact, unti ...