Why Newmont Corporation Stock Dropped Today

Group 1 - Newmont Corporation's stock is highly correlated with gold prices, experiencing fluctuations in line with gold market trends [1][2] - Gold prices have shown significant volatility, peaking at $5,419.80 per ounce on January 28 and currently sitting at $4,860 [2] - Silver prices also exhibit volatility, peaking at $116.58 per ounce on January 28 and currently priced at $72.70, failing to recover above $80 since early February [3] Group 2 - Newmont is set to report Q4 earnings, with analysts predicting earnings of $2.02 per share for the quarter and $6.46 for the year, indicating an 18.4 price-to-earnings ratio at the current share price of $119 [4] - Analysts project that Newmont's earnings will grow by 32% annually over the next five years, suggesting potential for future growth [4] - Despite the potential growth, Newmont was not included in a recent list of the top 10 stocks recommended by The Motley Fool Stock Advisor [5]