BARRICK MINING CORP vs CAMECO CORPORATION, two Mining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Barrick and Cameco both run debt-free into their respective booms, which isolates the astonishing part: the market pays 105.3 times earnings for Cameco's uranium story and 12.7 for Barrick's gold delivery, an eight-fold spread between two clean balance sheets in adjacent pits. Barrick nets 42.2% of revenue and yields 6.1% in free cash with a 1.2% dividend; Cameco nets 16.9% and yields 1.7%. The uranium multiple prices a decade of contracted reactor demand; the gold multiple prices approximately nothing beyond next year. One page is all delivery and no credit, the other all credit and pending delivery; commodity investors get to choose their frustration.
Comparison updated 2026-07-10.
| Metric | B | CCJ |
|---|---|---|
| Price | $37.28 | $104.56 |
| Market cap | $63.6B | $45.5B |
| Sector | Mining | Mining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | -3.0% | — |
| P/E | 12.7 | 105.3 |
| P/B | 1.77 | 8.97 |
| P/S | 3.75 | 17.78 |
| EV/EBITDA | — | 66.7 |
| Revenue growth | +10.0% | +24.4% |
| Gross margin | — | 27.9% |
| Operating margin | — | 17.8% |
| Net margin | 42.2% | 16.9% |
| Return on equity | 19.9% | 8.5% |
| Return on assets | 13.9% | 5.7% |
| Return on invested capital | — | 6.8% |
| FCF yield | 6.1% | 1.7% |
| Dividend yield | 1.2% | — |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 2.92 | 2.47 |
| Altman Z (solvency) | 2.89 | 7.21 |
| Piotroski F (quality) | 7 / 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.