Newmont (NEM) vs Royal Gold (RGLD)
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 Royal Gold (RGLD) over the past year, gaining 30.7% versus a gain of 12.6%. Over five years, RGLD leads with a +133.6% price change compared with +102.6% for NEM. Newmont is the larger company by market cap ($124.21 billion vs $20.02 billion), about 6.2 times the size, while Royal Gold is growing revenue faster (+43.2% vs +21.3%).
On valuation, Newmont trades at a lower forward P/E (11.6x vs 18.4x for Royal Gold). Newmont offers the higher dividend yield (0.87% vs 0.40%). Royal Gold converts more of its revenue into profit, with a net margin of 45.2% versus 31.3%.
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 | RGLD |
|---|---|---|
| Share price | $117.88 | $236.27 |
| Market cap | $124.21B | $20.02B |
| 1-day change | +2.02% | +2.20% |
| YTD return | +15.72% | +4.00% |
| 1-year return | +30.71% | +12.64% |
| 5-year return | +102.61% | +133.61% |
| P/E ratio (TTM) | 14.87 | 26.17 |
| Forward P/E | 11.62 | 18.37 |
| EPS (TTM) | $7.93 | $9.03 |
| Dividend yield | 0.87% | 0.40% |
| Annual dividend | $1.03 | $0.95 |
| Revenue (latest FY) | $22.67B | $1.03B |
| Revenue growth (YoY) | +21.34% | +43.24% |
| Net income (latest FY) | $7.08B | $466.28M |
| Gross margin | 64.33% | 69.32% |
| Operating margin | — | 61.93% |
| Net margin | 31.25% | 45.25% |
| 52-week high | $135.29 | $306.25 |
| 52-week low | $76.05 | $168.88 |
| Distance from 52-week high | -12.87% | -22.85% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +16.85% | +31.13% |
| Average volume | 7.25M | 685.49K |
| Shares outstanding | 1.05B | 84.73M |
| Employees | 17,500 | 39 |
| Sector | Basic Materials | Industrials |
| 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 6.2 times larger than Royal Gold by market value ($124.21B vs $20.02B).
- NEM has outperformed RGLD by 18.1 percentage points over the past year.
- Royal Gold trades at a higher earnings multiple (26.2x vs 14.9x trailing P/E).
- Royal Gold is more profitable, keeping 45.2 cents of every revenue dollar as net income versus 31.3 cents for Newmont.
- Royal Gold grew revenue faster in its latest fiscal year (+43.24% vs +21.34%).
- The two companies sit in different sectors: Newmont in Basic Materials and Royal Gold in Industrials.
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 Royal Gold
RGLD stock →Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests in North America, South and Central America, Europe, the Middle East, Africa, and the Australia Pacific. It operates through Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments.
Industrials · Precious Metals · 39 employees
NEM vs RGLD FAQ
Which is bigger, Newmont or Royal Gold?
Newmont (NEM) is larger, with a market capitalization of $124.21B compared with $20.02B for Royal Gold (RGLD).
Which stock has performed better over the past year, NEM or RGLD?
NEM returned +30.71% over the past 12 months, compared with +12.64% for RGLD (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NEM or RGLD?
NEM has the lower trailing P/E at 14.9, versus 26.2 for RGLD. 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 Royal Gold?
Newmont has the higher yield at 0.87%, compared with 0.40% for Royal Gold.
Are Newmont and Royal Gold in the same industry?
Yes. Both are classified in the Precious Metals industry within the Basic Materials sector.