BARRICK MINING CORP vs NEWMONT CORPORATION, two Mining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Barrick and Newmont are the industry's twin references, and the twins have converged: multiples of 12.7 and 12.5 times, dividends of 1.2% and 1%, balance sheets equally clean. The separations are quality-of-earnings details: Barrick's 42.2% net margin tops Newmont's 30.1% (asset-sale mix helping), while Newmont's 21.4% return on equity beats 19.9% and its 8.8% free-cash yield beats 6.1%. The market has decided the reference gold majors deserve identical prices at the top of a gold cycle, both near 12-13 times. The pair is less a choice than a diversification within one thesis; the details above are what remains to argue about.
Comparison updated 2026-07-10.
| Metric | B | NEM |
|---|---|---|
| Price | $37.28 | $96.09 |
| Market cap | $63.6B | $104.4B |
| Sector | Mining | Mining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | -3.0% | — |
| P/E | 12.7 | 12.5 |
| P/B | 1.77 | 2.98 |
| P/S | 3.75 | 4.18 |
| EV/EBITDA | — | 39.4 |
| Revenue growth | +10.0% | +26.8% |
| Net margin | 42.2% | 30.1% |
| Return on equity | 19.9% | 21.4% |
| Return on assets | 13.9% | 13.0% |
| FCF yield | 6.1% | 8.8% |
| Dividend yield | 1.2% | 1.0% |
| Debt / equity | 0.00 | 0.14 |
| Current ratio | 2.92 | 2.44 |
| Altman Z (solvency) | 2.89 | 3.50 |
| Piotroski F (quality) | 7 / 9 | 8 / 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.