NEM vs. RGLD: Newmont vs. Royal Gold Stock Comparison

November 11, 2026

How do Newmont (NEM) and Royal Gold (RGLD) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Newmont (NEM) and Royal Gold (RGLD) are both classified in the Gold sub-industry within the broader Metals & Mining industry, placing them in the closest GICS peer bucket.

Company profile comparison for Newmont (NEM) and Royal Gold (RGLD)
Profile Item	NEM	RGLD
Name	Newmont Corporation	Royal Gold, Inc.
Country/Region	United States	United States
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Gold	Gold
Market Capitalization	125.65 billion USD	22.47 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	March 17, 1980	June 9, 1981
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

NEM

RGLD

GSPC

Newmont (NEM) vs. Royal Gold (RGLD), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Newmont (NEM) and Royal Gold (RGLD). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Newmont (NEM) and Royal Gold (RGLD). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Newmont (NEM) and Royal Gold (RGLD)
Metric	NEM	RGLD
Total Return (1Y)	51.53%	60.60%
Total Return (3Y, Annualized)	57.50%	39.65%
Total Return (5Y, Annualized)	20.41%	23.26%

Risk Profile

Drawdown History

NEM

RGLD

GSPC

Newmont (NEM) vs. Royal Gold (RGLD), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Newmont (NEM) and Royal Gold (RGLD). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Newmont (NEM) and Royal Gold (RGLD)
Metric	NEM	RGLD
Volatility (1Y, Annualized)	48.55%	41.91%
Beta (5Y)	0.51	0.39
Max Drawdown (5Y)	-62.40%	-40.73%
Avg. Volume (3M)	6.95M	667.01K

Risk-Adjusted Performance

Risk-Return Positioning

NEM and RGLD are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Newmont (NEM) and Royal Gold (RGLD)
Metric	NEM	RGLD
Sharpe Ratio (1Y)	0.97	1.34
Sortino Ratio (1Y)	1.41	2.00

Profitability

ROE (TTM)

Newmont (NEM) at 27.26% sits in the top ROE quartile, while Royal Gold (RGLD) at 15.03% is closer to the peer norm — stronger capital efficiency for NEM.

NEM

Materials industry group

27.26%

Max: 52.88%
NEM: 27.26%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

RGLD

Materials industry group

15.03%

Max: 52.88%
Q3: 19.49%
RGLD: 15.03%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Newmont (NEM) vs. Royal Gold (RGLD): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Royal Gold (RGLD) at 47.99% keeps the most of each sales dollar — above its industry’s net margin range — and Newmont (NEM) at 34.73% also retains a top-quartile share.

NEM

Materials industry group

34.73%

Max: 38.66%
NEM: 34.73%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

RGLD

Materials industry group

47.99%

RGLD: 47.99%
Max: 38.66%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Newmont (NEM) vs. Royal Gold (RGLD): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both Newmont (NEM) at 49.99% and Royal Gold (RGLD) at 65.85% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

NEM

Materials industry group

49.99%

Max: 66.70%
NEM: 49.99%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

RGLD

Materials industry group

65.85%

Max: 66.70%
RGLD: 65.85%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Newmont (NEM) vs. Royal Gold (RGLD): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Newmont (NEM) and Royal Gold (RGLD)
Metric	NEM	RGLD
ROE (TTM)	27.26%	15.03%
ROA (TTM)	16.37%	9.97%
Net Margin (TTM)	34.73%	47.99%
Operating Margin (TTM)	49.99%	65.85%
Gross Margin (TTM)	68.04%	86.63%

Growth

Revenue Growth

Royal Gold (RGLD) at 43.24% sits in the top revenue growth quartile, while Newmont (NEM) at 21.34% is closer to the peer norm — faster top-line expansion for RGLD.

Newmont (NEM) vs. Royal Gold (RGLD): A comparison of their Revenue Growth across different time periods.

EPS Growth

Newmont (NEM) at 118.84% sits in the top EPS growth quartile, while Royal Gold (RGLD) at 32.74% is closer to the peer norm — faster per-share earnings growth for NEM.

Newmont (NEM) vs. Royal Gold (RGLD): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Newmont (NEM) and Royal Gold (RGLD)
Metric	NEM	RGLD
Revenue Growth (YoY)	21.34%	43.24%
Revenue Growth (3Y CAGR)	23.91%	19.54%
EPS Growth (YoY)	118.84%	32.74%
EPS Growth (3Y CAGR)	--	22.60%

Financial Strength

Current Ratio (MRQ)

Both Newmont (NEM) at 2.45 and Royal Gold (RGLD) at 2.40 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

NEM

Materials industry group

2.45

Max: 5.96
Q3: 3.30
NEM: 2.45
Median: 2.24
Q1: 1.45
Min: 0.16

RGLD

Materials industry group

2.40

Max: 5.96
Q3: 3.30
RGLD: 2.40
Median: 2.24
Q1: 1.45
Min: 0.16

Newmont (NEM) vs. Royal Gold (RGLD): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Royal Gold (RGLD) at 0.02 keeps leverage in the lower industry quartile, while Newmont (NEM) at 0.16 runs a more typical debt-to-equity mix.

NEM

Materials industry group

0.16

Max: 1.98
Q3: 0.89
Median: 0.47
NEM: 0.16
Q1: 0.13
Min: 0.00

RGLD

Materials industry group

0.02

Max: 1.98
Q3: 0.89
Median: 0.47
Q1: 0.13
RGLD: 0.02
Min: 0.00

Newmont (NEM) vs. Royal Gold (RGLD): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Newmont (NEM) and Royal Gold (RGLD)
Metric	NEM	RGLD
Current Ratio (MRQ)	2.45	2.40
Debt / Equity (MRQ)	0.16	0.02
Net Debt / EBITDA	-0.18	-0.03

Dividends

Dividend Yield (TTM)

Both Newmont (NEM) at 0.87% and Royal Gold (RGLD) at 0.74% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

NEM

Materials industry group

0.87%

Max: 4.52%
Q3: 1.85%
NEM: 0.87%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

RGLD

Materials industry group

0.74%

Max: 4.52%
Q3: 1.85%
RGLD: 0.74%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Newmont (NEM) vs. Royal Gold (RGLD): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both Newmont (NEM) at 11.95% and Royal Gold (RGLD) at 19.41% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

NEM

Materials industry group

11.95%

Max: 83.62%
Q3: 41.37%
NEM: 11.95%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

RGLD

Materials industry group

19.41%

Max: 83.62%
Q3: 41.37%
RGLD: 19.41%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Newmont (NEM) vs. Royal Gold (RGLD): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Newmont (NEM) and Royal Gold (RGLD)
Metric	NEM	RGLD
Dividend Yield (TTM)	0.87%	0.74%
Dividend Payout Ratio (TTM)	11.95%	19.41%

Valuation

P/E Ratio (TTM)

Both Newmont (NEM) at 14.03 and Royal Gold (RGLD) at 27.15 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

NEM

Materials industry group

14.03

Max: 59.00
Q3: 32.93
Median: 18.82
NEM: 14.03
Q1: 11.96
Min: 3.93

RGLD

Materials industry group

27.15

Max: 59.00
Q3: 32.93
RGLD: 27.15
Median: 18.82
Q1: 11.96
Min: 3.93

Newmont (NEM) vs. Royal Gold (RGLD): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Newmont (NEM) at 4.72 sits in the upper P/S ratio quartile, and Royal Gold (RGLD) at 12.86 prices even higher, above its industry range.

NEM

Materials industry group

4.72

Max: 9.62
NEM: 4.72
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

RGLD

Materials industry group

12.86

RGLD: 12.86
Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

Newmont (NEM) vs. Royal Gold (RGLD): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Newmont (NEM) at 3.53 and Royal Gold (RGLD) at 2.91 are valued close to their industries’ norm against book — neither stands out from peers.

NEM

Materials industry group

3.53

Max: 6.59
Q3: 3.55
NEM: 3.53
Median: 2.08
Q1: 1.26
Min: -0.17

RGLD

Materials industry group

2.91

Max: 6.59
Q3: 3.55
RGLD: 2.91
Median: 2.08
Q1: 1.26
Min: -0.17

Newmont (NEM) vs. Royal Gold (RGLD): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Newmont (NEM) and Royal Gold (RGLD)
Metric	NEM	RGLD
P/E Ratio (TTM)	14.03	27.15
P/S Ratio (TTM)	4.72	12.86
P/B Ratio (MRQ)	3.53	2.91
Free Cash Flow Yield (TTM)	7.29%	4.24%