NEM vs. VALE: Newmont vs. Vale Stock Comparison

November 11, 2026

How do Newmont (NEM) and Vale (VALE) 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 Vale (VALE) both belong to the Metals & Mining industry, though NEM is classified under Gold while VALE falls under Steel.

Newmont (NEM) trades as ordinary local shares, while Vale (VALE) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Newmont (NEM) and Vale (VALE)
Profile Item	NEM	VALE
Name	Newmont Corporation	Vale S.A. American Depositary Shares
Country/Region	United States	Brazil
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Metals & Mining	Metals & Mining
GICS Sub-Industry	Gold	Steel
Market Capitalization	125.65 billion USD	49.32 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	March 21, 2002
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

NEM

VALE

GSPC

Newmont (NEM) vs. Vale (VALE), 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 Vale (VALE). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Newmont (NEM) and Vale (VALE)
Metric	NEM	VALE
Total Return (1Y)	51.53%	6.20%
Total Return (3Y, Annualized)	57.50%	3.12%
Total Return (5Y, Annualized)	20.41%	8.31%

Risk Profile

Drawdown History

NEM

VALE

GSPC

Newmont (NEM) vs. Vale (VALE), 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 Vale (VALE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Newmont (NEM) and Vale (VALE)
Metric	NEM	VALE
Volatility (1Y, Annualized)	48.55%	33.88%
Beta (5Y)	0.51	0.48
Max Drawdown (5Y)	-62.40%	-49.81%
Avg. Volume (3M)	6.95M	32.62M

Risk-Adjusted Performance

Risk-Return Positioning

NEM and VALE 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 Vale (VALE)
Metric	NEM	VALE
Sharpe Ratio (1Y)	0.97	0.06
Sortino Ratio (1Y)	1.41	0.08

Profitability

ROE (TTM)

Newmont (NEM) at 27.26% sits in the top ROE quartile, while Vale (VALE) at 0.26% 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%

VALE

Materials industry group

0.26%

Max: 52.88%
Q3: 19.49%
Median: 8.76%
VALE: 0.26%
Q1: -3.41%
Min: -32.81%

Newmont (NEM) vs. Vale (VALE): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Newmont (NEM) at 34.73% retains a top-quartile share of revenue as profit, ahead of Vale (VALE) at 1.01%, which keeps about the industry-typical 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%

VALE

Materials industry group

1.01%

Max: 38.66%
Q3: 15.98%
Median: 5.28%
VALE: 1.01%
Q1: 0.00%
Min: -20.40%

Newmont (NEM) vs. Vale (VALE): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Newmont (NEM) at 49.99% operates in the top operating margin quartile, ahead of Vale (VALE) at 19.31%, which runs around its industry’s norm.

NEM

Materials industry group

49.99%

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

VALE

Materials industry group

19.31%

Max: 66.70%
Q3: 28.92%
VALE: 19.31%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Newmont (NEM) vs. Vale (VALE): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Newmont (NEM) and Vale (VALE)
Metric	NEM	VALE
ROE (TTM)	27.26%	0.26%
ROA (TTM)	16.37%	6.97%
Net Margin (TTM)	34.73%	1.01%
Operating Margin (TTM)	49.99%	19.31%
Gross Margin (TTM)	68.04%	32.06%

Growth

Revenue Growth

Both Newmont (NEM) at 21.34% and Vale (VALE) at 0.91% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Newmont (NEM) vs. Vale (VALE): 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 Vale (VALE) at -61.81% is closer to the peer norm — faster per-share earnings growth for NEM.

Newmont (NEM) vs. Vale (VALE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Newmont (NEM) and Vale (VALE)
Metric	NEM	VALE
Revenue Growth (YoY)	21.34%	0.91%
Revenue Growth (3Y CAGR)	23.91%	-4.32%
EPS Growth (YoY)	118.84%	-61.81%
EPS Growth (3Y CAGR)	--	-48.60%

Financial Strength

Current Ratio (MRQ)

Newmont (NEM) at 2.45 keeps current ratio within its industry’s typical mid-range, while Vale (VALE) at 1.10 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for VALE.

NEM

Materials industry group

2.45

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

VALE

Materials industry group

1.10

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
VALE: 1.10
Min: 0.16

Newmont (NEM) vs. Vale (VALE): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both Newmont (NEM) at 0.16 and Vale (VALE) at 0.55 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

NEM

Materials industry group

0.16

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

VALE

Materials industry group

0.55

Max: 1.98
Q3: 0.89
VALE: 0.55
Median: 0.47
Q1: 0.13
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Newmont (NEM) and Vale (VALE)
Metric	NEM	VALE
Current Ratio (MRQ)	2.45	1.10
Debt / Equity (MRQ)	0.16	0.55
Net Debt / EBITDA	-0.18	1.20

Dividends

Dividend Yield (TTM)

Newmont (NEM) at 0.87% pays an industry-typical yield; Vale (VALE) at 49.02% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

NEM

Materials industry group

0.87%

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

VALE

Materials industry group

49.02%

VALE: 49.02%
Max: 4.52%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Newmont (NEM) vs. Vale (VALE): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Vale (VALE) reports payout ratio above 100% at 526.96%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Newmont (NEM) reports 11.95%, ranking against industry peers normally.

NEM

Materials industry group

11.95%

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

VALE

Materials industry group

526.96%

VALE: 526.96%
Max: 83.62%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Newmont (NEM) vs. Vale (VALE): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Newmont (NEM) and Vale (VALE)
Metric	NEM	VALE
Dividend Yield (TTM)	0.87%	49.02%
Dividend Payout Ratio (TTM)	11.95%	526.96%

Valuation

P/E Ratio (TTM)

Newmont (NEM) at 14.03 is near its industry’s usual P/E ratio, while Vale (VALE) at 72.44 sits above its peer range — an unusually expensive price for VALE’s trailing earnings.

NEM

Materials industry group

14.03

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

VALE

Materials industry group

72.44

VALE: 72.44
Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

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

P/S Ratio (TTM)

Vale (VALE) at 0.23 looks cheap on sales in the lower P/S ratio quartile, while Newmont (NEM) at 4.72 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

NEM

Materials industry group

4.72

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

VALE

Materials industry group

0.23

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
VALE: 0.23
Min: 0.00

Newmont (NEM) vs. Vale (VALE): 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 Vale (VALE) at 1.27 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

VALE

Materials industry group

1.27

Max: 6.59
Q3: 3.55
Median: 2.08
VALE: 1.27
Q1: 1.26
Min: -0.17

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

Valuation Metrics

Valuation metrics for Newmont (NEM) and Vale (VALE)
Metric	NEM	VALE
P/E Ratio (TTM)	14.03	72.44
P/S Ratio (TTM)	4.72	0.23
P/B Ratio (MRQ)	3.53	1.27
Free Cash Flow Yield (TTM)	7.29%	17.51%