CAMECO CORPORATION vs NEWMONT CORPORATION, two Mining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
The growth stories run opposite: Newmont's gold franchise is priced as if the cycle peaked, 12.5 times earnings on a 30.1% net margin, while Cameco's uranium franchise is priced as if its cycle has barely begun, 105.3 times on 16.9%. The trailing tables belong to gold: returns on equity of 21.4% against 8.5%, free-cash yields of 8.8% against 1.7%, a visible 1% dividend. Both balance sheets are effectively clean. Ninety-three turns of multiple separate delivered earnings from expected ones, in the same sector, at the same moment. Whichever way the decade breaks, one of these two prices will look obviously wrong in hindsight; they usually both do, in opposite directions.
Comparison updated 2026-07-10.
| Metric | CCJ | NEM |
|---|---|---|
| Price | $104.56 | $96.09 |
| Market cap | $45.5B | $104.4B |
| Sector | Mining | Mining |
| Stage | Cyclical | Cyclical |
| P/E | 105.3 | 12.5 |
| P/B | 8.97 | 2.98 |
| P/S | 17.78 | 4.18 |
| EV/EBITDA | 66.7 | 39.4 |
| Revenue growth | +24.4% | +26.8% |
| Gross margin | 27.9% | — |
| Operating margin | 17.8% | — |
| Net margin | 16.9% | 30.1% |
| Return on equity | 8.5% | 21.4% |
| Return on assets | 5.7% | 13.0% |
| Return on invested capital | 6.8% | — |
| FCF yield | 1.7% | 8.8% |
| Dividend yield | — | 1.0% |
| Debt / equity | 0.00 | 0.14 |
| Current ratio | 2.47 | 2.44 |
| Altman Z (solvency) | 7.21 | 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.