STOCK COMPARISON
Royal Gold vs Newmont: Fair Value & Quality
Both stocks run through our valuation models. Here is how Royal Gold (RGLD) and Newmont (NEM) compare, as of Aug 8, 2026.
As of Aug 8, 2026, Fair Value Calculator sees Newmont as the less overvalued of the two: Royal Gold trades at $218 versus a fair value of $93.40 (-57%), while Newmont trades at A$149 versus A$117 (-22%).
Royal Gold
RGLD · USD · Materials
-57%
upside to fair value
overvalued
Price$218
Fair Value$93.40
Quality50/100
Newmont
NEM.AU · AUD · Materials
-22%
upside to fair value
overvalued
PriceA$149
Fair ValueA$117
Quality70/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Royal GoldNewmont
Valuation
22.9×P/E (TTM)11.6×
12.39×P/S (TTM)3.92×
2.24×P/B2.89×
15.6×EV/EBITDA5.8×
1.06×PEG2.63×
1.0%Dividend yield0.8%
$0.03Dividend per shareA$1.02
Profitability
49%Net margin34%
64%Operating margin61%
12%Return on equity26%
8%Return on assets15%
Growth
143%Revenue growth (YoY)46%
20.0%Avg. growth/yr (3Y)25.3%
10.8%Avg. growth/yr (5Y)15.3%
Balance & size
0.13×Debt / equity0.15×
$16BMarket cap$98B
mixedGrowth qualityhealthy
Even match: 7 to 7 metric wins.
Dash = 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.
Royal Goldof which business quality 47 · market factors 58
Newmontof which business quality 70 · market factors 61
ProfitabilityMargins and returns on capital today
38
63
Quality GrowthAre margins and returns improving?
20
98
CashflowEarnings quality: real cash, not paper profit
67
81
Fin. StrengthBalance sheet, leverage, solvency risk
80
85
InvestmentDisciplined investing over empire-building
0
22
Low VolatilityCalm price path (market factor)
72
63
MomentumPrice trend over the last 3–12 months (market factor)
45
49
52W MomentumDistance to the 52-week high (market factor)
63
78
Net IssuanceBuybacks instead of dilution
43
50
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Royal Gold
DCF Models$204
Earnings-Based$155
Multiples$102
Asset-Based$56.50
Growth DCF$237
Economic Profit$68.06
Growth Earnings$190
18 of 22 models see the stock below the current price.
Newmont
DCF ModelsA$233
Earnings-BasedA$155
MultiplesA$116
Asset-BasedA$21.27
Growth DCFA$164
Economic ProfitA$86.58
Growth EarningsA$201
11 of 24 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Royal Gold
Bear $70.05Fair Value $93.40Bull $117
$218 = current price (white tick)
Newmont
Bear A$87.57Fair Value A$117Bull A$245
A$149 = current price (white tick)
Compare two other stocks
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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.
Royal Gold · Materials
Quality score50 · above median
Fair value upside-57% · below median
Newmont · Materials
Quality score70 · Top 25%
Fair value upside-22% · above median
Bottom line
As of Aug 8, 2026, Fair Value Calculator sees Newmont as the less overvalued of the two: Royal Gold trades at $218 versus a fair value of $93.40 (-57%), while Newmont trades at A$149 versus A$117 (-22%).
Newmont has the higher quality score (70/100).
See the full analysis →
More comparisons
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
