Newmont (NEM) vs Pan American Silver (PAAS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Newmont (NEM) has outperformed Pan American Silver (PAAS) over the past year, gaining 30.7% versus a gain of 13.9%. Over five years, NEM leads with a +102.6% price change compared with +80.0% for PAAS. Newmont is the larger company by market cap ($124.50 billion vs $19.21 billion), about 6.5 times the size, while Pan American Silver is growing revenue faster (+28.4% vs +21.3%).
On valuation, Pan American Silver trades at a lower forward P/E (10.1x vs 11.7x for Newmont). Pan American Silver offers the higher dividend yield (1.34% vs 0.87%). Newmont converts more of its revenue into profit, with a net margin of 31.3% versus 27.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | NEM | PAAS |
|---|---|---|
| Share price | $118.16 | $46.32 |
| Market cap | $124.50B | $19.21B |
| 1-day change | +2.25% | +2.23% |
| YTD return | +15.72% | -12.55% |
| 1-year return | +30.71% | +13.87% |
| 5-year return | +102.61% | +80.02% |
| P/E ratio (TTM) | 14.90 | 13.70 |
| Forward P/E | 11.65 | 10.10 |
| EPS (TTM) | $7.93 | $3.38 |
| Dividend yield | 0.87% | 1.34% |
| Annual dividend | $1.03 | $0.62 |
| Revenue (latest FY) | $22.67B | $3.62B |
| Revenue growth (YoY) | +21.34% | +28.38% |
| Net income (latest FY) | $7.08B | $980.00M |
| Gross margin | 64.33% | 38.82% |
| Operating margin | — | 34.07% |
| Net margin | 31.25% | 27.08% |
| 52-week high | $135.29 | $69.99 |
| 52-week low | $76.05 | $33.08 |
| Distance from 52-week high | -12.67% | -33.82% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +16.58% | +39.31% |
| Average volume | 7.25M | 4.02M |
| Shares outstanding | 1.05B | 414.62M |
| Employees | 17,500 | 9,348 |
| Sector | Basic Materials | Basic Materials |
| Industry | Precious Metals | Precious Metals |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Newmont is about 6.5 times larger than Pan American Silver by market value ($124.50B vs $19.21B).
- NEM has outperformed PAAS by 16.8 percentage points over the past year.
- Pan American Silver grew revenue faster in its latest fiscal year (+28.38% vs +21.34%).
About Newmont
NEM stock →Newmont Corporation operates as a gold producer. It also explores for copper, silver, lead, zinc, and other metals.
Basic Materials · Precious Metals · 17,500 employees
About Pan American Silver
PAAS stock →Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Chile, Peru, Brazil, Mexico, Canada, Argentina, Bolivia, and Guatemala.
Basic Materials · Precious Metals · 9,348 employees
NEM vs PAAS FAQ
Which is bigger, Newmont or Pan American Silver?
Newmont (NEM) is larger, with a market capitalization of $124.50B compared with $19.21B for Pan American Silver (PAAS).
Which stock has performed better over the past year, NEM or PAAS?
NEM returned +30.71% over the past 12 months, compared with +13.87% for PAAS (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NEM or PAAS?
PAAS has the lower trailing P/E at 13.7, versus 14.9 for NEM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Newmont or Pan American Silver?
Pan American Silver has the higher yield at 1.34%, compared with 0.87% for Newmont.
Are Newmont and Pan American Silver in the same industry?
Yes. Both are classified in the Precious Metals industry within the Basic Materials sector.