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STOCK COMPARISON

Theta Gold Mines vs Newmont: Fair Value & Quality

Both stocks run through our valuation models. Here is how Theta Gold Mines (TGM) and Newmont (NEM) compare, as of Sep 1, 2026.

As of Sep 1, 2026, Fair Value Calculator sees Newmont as the less overvalued of the two: Theta Gold Mines trades at A$0.20 versus a fair value of A$0.07 (-65%), while Newmont trades at A$177 versus A$162 (-8%).
Theta Gold Mines
TGM.AU · AUD · Materials
-65%
upside to fair value
overvalued
PriceA$0.20
Fair ValueA$0.07
Quality21/100
Newmont
NEM.AU · AUD · Materials
-8%
upside to fair value
fairly valued
PriceA$177
Fair ValueA$162
Quality71/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Theta Gold MinesNewmont
Valuation
P/E (TTM)11.6×
P/S (TTM)3.99×
37.24×P/B2.94×
87.2×EV/EBITDA5.9×
PEG2.63×
2.6%Dividend yield0.6%
Dividend per shareA$1.02
Profitability
0%Net margin34%
0%Operating margin61%
-8%Return on equity26%
4%Return on assets15%
Growth
0%Revenue growth (YoY)46%
-0.8%Avg. growth/yr (3Y)25.3%
Avg. growth/yr (5Y)15.3%
Balance & size
0.91×Debt / equity0.15×
$192MMarket cap$100B
weakGrowth qualityhealthy

Newmont leads: 1 to 9 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.

Theta Gold Minesof which business quality 20 · market factors 32 Newmontof which business quality 70 · market factors 66
ProfitabilityMargins and returns on capital today
0
63
Quality GrowthAre margins and returns improving?
65
98
CashflowEarnings quality: real cash, not paper profit
0
81
Fin. StrengthBalance sheet, leverage, solvency risk
19
85
InvestmentDisciplined investing over empire-building
66
22
Low VolatilityCalm price path (market factor)
26
63
MomentumPrice trend over the last 3–12 months (market factor)
31
54
52W MomentumDistance to the 52-week high (market factor)
40
90
Net IssuanceBuybacks instead of dilution
0
50

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 familyTheta Gold MinesPrice A$0.20NewmontPrice A$177
DCF Modelsn/a+11%close to the priceA$197
Earnings-Basedn/a-12%close to the priceA$155
Dividend Discount-69%below the priceA$0.06n/a
Multiplesn/a-40%below the priceA$106
Asset-Basedn/a-88%below the priceA$21.27
Growth DCFn/a-15%below the priceA$150
Economic Profitn/a-51%below the priceA$86.58
Growth Earningsn/a+7%close to the priceA$189
Minimum-69%below the priceA$0.06-88%below the priceA$21.27
Maximum-69%below the priceA$0.06+11%close to the priceA$197
Median-69%below the priceA$0.06-15%below the priceA$150
Geometric mean-69%below the priceA$0.06-39%below the priceA$108

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%.

Theta Gold Mines: 2 of 2 models see the stock below the current price.

Newmont: 15 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.

Theta Gold Mines
Bear A$0.04Fair Value A$0.07Bull A$0.09
A$0.20 = current price (white tick)
Newmont
Bear A$122Fair Value A$162Bull A$340
A$177 = current price (white tick)

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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.

Theta Gold Mines · Materials

Quality score21 · bottom 25%
Fair value upside-65% · bottom 25%

Newmont · Materials

Quality score71 · Top 25%
Fair value upside-8% · above median

Bottom line

As of Sep 1, 2026, Fair Value Calculator sees Newmont as the less overvalued of the two: Theta Gold Mines trades at A$0.20 versus a fair value of A$0.07 (-65%), while Newmont trades at A$177 versus A$162 (-8%).

Newmont has the higher quality score (71/100).

See the full analysis →

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