AngloGold Ashanti plc vs BARRICK MINING CORP, two Mining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
AngloGold Ashanti and Barrick run debt-free balance sheets into the same gold tape, so the pair reduces to operations and geography: AngloGold earns the higher return on equity, 32% against 19.9%, while Barrick nets more per revenue dollar, 42.2% against 32.1%, a margin flattered by its copper exposure and asset sales mix. Free cash favors AngloGold, 11.5% against 6.1%; Barrick pays the bigger dividend, 1.2%. The multiples sit three turns apart, 15.7 and 12.7 times, Barrick cheaper, its jurisdiction book (Mali, Tanzania, Papua New Guinea) taxing the multiple as it long has. Two gold majors priced under 16 times peak-cycle earnings; the metal's rally has outrun its equities' respectability, on both pages.
Comparison updated 2026-07-10.
| Metric | AU | B |
|---|---|---|
| Price | $81.56 | $37.28 |
| Market cap | $41.5B | $63.6B |
| Sector | Mining | Mining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | — | -3.0% |
| P/E | 15.7 | 12.7 |
| P/B | 4.18 | 1.77 |
| P/S | 4.19 | 3.75 |
| Revenue growth | +27.7% | +10.0% |
| Gross margin | 49.2% | — |
| Net margin | 32.1% | 42.2% |
| Return on equity | 32.0% | 19.9% |
| Return on assets | 21.1% | 13.9% |
| FCF yield | 11.5% | 6.1% |
| Dividend yield | — | 1.2% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 2.87 | 2.92 |
| Altman Z (solvency) | 5.72 | 2.89 |
| Piotroski F (quality) | 8 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.