AngloGold Ashanti plc vs CAMECO CORPORATION, two Mining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
What is priced in could not split cleaner: Cameco at 105.3 times earnings is priced for the nuclear decade, contracted uranium volumes compounding as reactors return; AngloGold at 15.7 is priced as if the gold cycle were already ending. Current delivery is all AngloGold: a 32% return on equity against 8.5%, an 11.5% free-cash yield against 1.7%, a 32.1% net margin against 16.9%. Both carry no debt. Ninety turns of multiple separate the metal that is working now from the one whose story needs years; the pair is the sector's purest test of whether a buyer prefers cash today or a thesis tomorrow, with the pricing already deep in the thesis's favor.
Comparison updated 2026-07-10.
| Metric | AU | CCJ |
|---|---|---|
| Price | $81.56 | $104.56 |
| Market cap | $41.5B | $45.5B |
| Sector | Mining | Mining |
| Stage | Cyclical | Cyclical |
| P/E | 15.7 | 105.3 |
| P/B | 4.18 | 8.97 |
| P/S | 4.19 | 17.78 |
| EV/EBITDA | — | 66.7 |
| Revenue growth | +27.7% | +24.4% |
| Gross margin | 49.2% | 27.9% |
| Operating margin | — | 17.8% |
| Net margin | 32.1% | 16.9% |
| Return on equity | 32.0% | 8.5% |
| Return on assets | 21.1% | 5.7% |
| Return on invested capital | — | 6.8% |
| FCF yield | 11.5% | 1.7% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 2.87 | 2.47 |
| Altman Z (solvency) | 5.72 | 7.21 |
| Piotroski F (quality) | 8 / 9 | 7 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
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.