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STOCK COMPARISON

Newmont Goldcorp vs Wheaton Precious Metals: Fair Value & Quality

Both stocks run through our valuation models. Here is how Newmont Goldcorp (NEM) and Wheaton Precious Metals (WPM) compare, as of Sep 28, 2026.

As of Sep 28, 2026, Fair Value Calculator sees Newmont Goldcorp as the more attractively valued of the two: Newmont Goldcorp trades at $121 versus a fair value of $134 (+10.0%), while Wheaton Precious Metals trades at $143 versus $87.78 (−38.6%).
Newmont Goldcorp
NEM · USD · Materials
+10.0%
upside to fair value
fairly valued
Price$121
Fair Value$134
Quality69/100
Wheaton Precious Metals
WPM · USD · Materials
−38.6%
upside to fair value
overvalued
Price$143
Fair Value$87.78
Quality73/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Newmont GoldcorpWheaton Precious Metals
Valuation
15.3×P/E (TTM)32.0×
9.4×P/E ex one-offs (FY2025)37.7×
11.9×Forward P/E (FY2027)28.7×
5.03×P/S (TTM)20.50×
3.83×P/B7.50×
7.5×EV/EBITDA23.9×
2.83×PEG0.43×
+10.0%Fair value upside−38.6%
0.8%Dividend yield0.5%
$1.03Dividend per share$0.72
Profitability
51.6%Operating margin72.3%
1.80×EBIT margin trend (5Y)1.45×
25.9%Return on equity23.6%
15.8%Return on assets14.4%
Growth
15.1%Revenue growth (YoY)84.7%
22.7%Avg. growth/yr (3Y)30.3%
14.1%Avg. growth/yr (5Y)16.5%
+40.8%Value creation/yr+28.1%
Balance & size
34.4×Interest coverage (EBIT/interest)276.5×
0.15×Debt / equityn/a
$130BMarket cap$65B
healthyGrowth qualitymixed
The P/E excluding one-off items is scored: for at least one of the two companies, special items (write-downs, restructuring, litigation) move the reported P/E by 15 % or more. The trailing P/E is shown for reference.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Newmont Goldcorp leads: 10 to 5 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Newmont Goldcorpof which business quality 68 · market factors 75 Wheaton Precious Metalsof which business quality 71 · market factors 61
ProfitabilityMargins and returns on capital today
61
60
Quality GrowthAre margins and returns improving?
92
98
CashflowEarnings quality: real cash, not paper profit
81
63
Fin. StrengthBalance sheet, leverage, solvency risk
85
88
InvestmentDisciplined investing over empire-building
22
34
Low VolatilityCalm price path (market factor)
59
30
MomentumPrice trend over the last 3–12 months (market factor)
81
77
52W MomentumDistance to the 52-week high (market factor)
81
72
Net IssuanceShare count: buybacks or dilution?
50
81

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyNewmont GoldcorpPrice $121Wheaton Precious MetalsPrice $143
DCF Models+18.8%above the price$144−71.2%below the price$41.10
Earnings-Based−39.4%below the price$73.63−68.3%below the price$45.37
Dividend Discountn/a−91.8%below the price$11.69
Multiples−13.2%close to the price$105−65.9%below the price$48.77
Asset-Based−82.3%below the price$21.53−91.0%below the price$12.80
Growth DCF−8.6%close to the price$111−82.4%below the price$25.21
Economic Profit−43.1%below the price$69.15−72.5%below the price$39.27
Growth Earnings−10.4%close to the price$109−57.1%below the price$61.26
Minimum−82.3%below the price$21.53−91.8%below the price$11.69
Maximum+18.8%above the price$144−57.1%below the price$61.26
Median−13.2%close to the price$105−71.9%below the price$40.18
Geometric mean−34.5%below the price$79.53−78.4%below the price$30.87

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Newmont Goldcorp: 14 of 24 models see the stock below the current price.

Wheaton Precious Metals: 26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Newmont Goldcorp
Price $121
Fair Value $134
Bear $100Bull $167
Wheaton Precious Metals
Price $143
Fair Value $87.78
Bear $48.14Bull $130

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Newmont Goldcorp · Materials

Quality score69 · Top 25%
Fair value upside+10.0% · above median

Wheaton Precious Metals · Materials

Quality score73 · Top 25%
Fair value upside−38.6% · below median

Bottom line

As of Sep 28, 2026, Fair Value Calculator sees Newmont Goldcorp as the more attractively valued of the two: Newmont Goldcorp trades at $121 versus a fair value of $134 (+10.0%), while Wheaton Precious Metals trades at $143 versus $87.78 (−38.6%).

Wheaton Precious Metals has the higher quality score (73/100).

Open Newmont Goldcorp live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.