NEM vs GOLD Stock Comparison: AI Score, Valuation, Performance and Upside
NEM and GOLD are the world's two largest gold miners, both offering direct operational leverage to gold prices with growing copper diversification. NEM has greater scale following its Newcrest acquisition and somewhat lower jurisdictional risk, while GOLD carries more concentrated exposure to higher-risk African operating regions.
NEM vs GOLD is a head-to-head comparison of the world's two largest gold mining companies, both offering scale and copper diversification but differing in geographic risk profile and recent acquisition integration.
GOLD holds the edge across 3 of 5 key metrics in this comparison. GOLD leads on both 1-year return (+74.58%) and forward P/E quality (12.07x vs 12.69x for NEM), a relatively favorable combination of momentum and valuation. On fundamentals, GOLD is growing revenue faster (244.00%), while NEM maintains the higher operating margin (51.57%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for GOLD (+50.13%) than for NEM (+3.82%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want exposure to the world's largest gold producer by volume
- Believe Newcrest integration will unlock further scale and synergies
- Prefer operations weighted toward lower-risk jurisdictions
- Want a long-established, globally diversified gold major
- Are comfortable with higher exposure to African political risk
- See value in Barrick's copper growth strategy
| Metric | NEM | GOLD |
|---|---|---|
| AI scorei | 52.0 | N/A |
| AI ranki | #417 | N/A |
| Latest closei | $123.41 | $45.46 |
| 1M returni | -1.34% | +2.42% |
| 6M returni | +24.41% | +10.90% |
| 1Y returni | +57.57% | +74.58% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | NEM | GOLD |
|---|---|---|
| 1Y ago | $15.76K (+57.6%) started 2025-09-18 | $18.2K (+82.0%) started 2025-09-18 |
| 5Y ago | $29.23K (+192.3%) started 2021-09-20 | $24.03K (+140.3%) started 2021-09-20 |
| 10Y ago | $52.17K (+421.7%) started 2016-09-19 | $116.03K (+1060.3%) started 2016-09-19 |
Hypothetical — past performance does not guarantee future results.
| Metric | NEM | GOLD |
|---|---|---|
| Market capi | $134.85B | $1.27B |
| Trailing P/Ei | 16.14 | 14.28 |
| Forward P/Ei | 12.69 | 12.07 |
| Price/Salesi | N/A | N/A |
| EV/Revenuei | 5.11 | 0.12 |
| Analyst targeti | $132.87 | $65.80 |
| Target upsidei | +3.82% | +50.13% |
| Metric | NEM | GOLD |
|---|---|---|
| Revenue growthi | 15.10% | 244.00% |
| Earnings growthi | 11.40% | N/A |
| EPS growthi | +11.40% | N/A |
| FCF margini | +34.21% | -3.23% |
| Operating margini | 51.57% | 0.86% |
| Profit margini | 33.36% | 0.35% |
| ROIC proxyi | 25.91% | 10.82% |
| Return on equityi | 25.91% | 10.82% |
| Dividend yieldi | 0.79% | 1.85% |
| Payout ratioi | 12.86% | 26.49% |
| Dividend growth streaki | No increase yet | 1 yr |
| Betai | 0.50 | 0.62 |
| Debt/equityi | 15.81 | 182.41 |
| Current ratioi | 2.55 | 1.18 |
| Quick ratioi | 1.95 | 0.13 |
Over the past year, NEM and GOLD have moved moderately in the same direction (correlation of 0.50), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | NEM | GOLD |
|---|---|---|---|
| 1Y | Growthi | +57.57% | +74.58% |
| CAGRi | +57.62% | +74.64% | |
| Volatilityi | 49.90% | 54.54% | |
| Sharpe ratioi | 1.08 | 1.21 | |
| Sortino ratioi | 1.51 | 1.99 | |
| Max drawdowni | 32.40% | 40.93% | |
| Current drawdowni | 8.68% | 26.68% | |
| Avg drawdowni | 12.12% | 19.47% | |
| Ulcer Indexi | 15.27% | 24.11% | |
| Max daily dropi | 11.49% | 8.28% | |
| Max wkly dropi | 17.14% | 14.67% | |
| 5Y | Growthi | +157.70% | +95.64% |
| CAGRi | +20.87% | +14.38% | |
| Volatilityi | 38.94% | 48.09% | |
| Sharpe ratioi | 0.57 | 0.43 | |
| Sortino ratioi | 0.81 | 0.63 | |
| Max drawdowni | 62.40% | 56.84% | |
| Current drawdowni | 8.68% | 26.68% | |
| Avg drawdowni | 30.69% | 25.29% | |
| Ulcer Indexi | 36.04% | 29.07% | |
| Max daily dropi | 14.70% | 16.05% | |
| Max wkly dropi | 18.70% | 24.51% | |
| 10Y | Growthi | +303.88% | +673.83% |
| CAGRi | +14.99% | +22.72% | |
| Volatilityi | 35.87% | 47.33% | |
| Sharpe ratioi | 0.44 | 0.57 | |
| Sortino ratioi | 0.64 | 0.88 | |
| Max drawdowni | 62.40% | 62.64% | |
| Current drawdowni | 8.68% | 26.68% | |
| Avg drawdowni | 21.93% | 26.35% | |
| Ulcer Indexi | 27.56% | 30.59% | |
| Max daily dropi | 14.70% | 17.46% | |
| Max wkly dropi | 24.55% | 24.51% |
| Category | NEM | GOLD |
|---|---|---|
| Company | Newmont Corporation | Barrick Gold Corporation |
| Sector | Basic Materials | Financial Services |
| Industry | Gold | Capital Markets |
| Core business | Newmont is the world's largest gold mining company by production, with operations across North and South America, Australia, and Africa, and a growing copper byproduct business following its Newcrest acquisition. | Barrick Gold is one of the world's largest gold mining companies, operating mines across the Americas, Africa, and the Middle East, with a growing copper business alongside its core gold operations. |
| Investor focus | Investors track Newmont's production guidance, all-in sustaining costs, integration of the Newcrest acquisition, and its dividend framework tied to gold prices. | Investors track gold production volumes, all-in sustaining costs, reserve replacement, and geopolitical risk in Barrick's African and South American operating regions. |
- Largest gold producer globally with diversified, multi-continent operations
- Expanded scale and copper exposure following the Newcrest acquisition
- Operations concentrated in relatively lower-risk jurisdictions versus some peers
- Large-scale, diversified global gold mining portfolio
- Growing copper exposure provides diversification beyond gold
- Direct operational leverage to rising gold prices
- Integration risk and cost synergy realization from the large Newcrest deal
- All-in sustaining costs sensitive to inflation and energy prices
- Project execution risk across a large global portfolio
- Direct exposure to mining operational, cost, and geopolitical risks
- All-in sustaining costs can rise with inflation and aging mines
- Political risk in key operating jurisdictions like Mali and Tanzania
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