GROY vs NEM

For growth investors, Gold Royalty Corp.

(GROY) is the stronger pick with 54. 5% revenue growth year-over-year, versus 19. 1% for Newmont Corporation (NEM). Newmont Corporation (NEM) offers the better valuation at 18. 0x trailing P/E (11. 0x forward), making it the more compelling value choice. Analysts rate Gold Royalty Corp. (GROY) a "Buy" — based on 6 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On forward P/E, Newmont Corporation is actually cheaper at 11.

0x.

Over the past 5 years, Newmont Corporation (NEM) delivered a total return of +83.

6%, compared to -27. 1% for Gold Royalty Corp. (GROY). Over 10 years, the gap is even starker: NEM returned +271. 4% versus GROY's -0. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Gold Royalty Corp.

(GROY) is the lower-risk stock at 0. 74β versus Newmont Corporation's 0. 75β — meaning NEM is approximately 1% more volatile than GROY relative to the S&P 500. On balance sheet safety, Gold Royalty Corp. (GROY) carries a lower debt/equity ratio of 0% versus 1% for Newmont Corporation — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Gold Royalty Corp.

(GROY) is pulling ahead at 54. 5% versus 19. 1% for Newmont Corporation (NEM). On earnings-per-share growth, the picture is similar: Newmont Corporation grew EPS 124. 1% year-over-year, compared to -18. 0% for Gold Royalty Corp.. Over a 3-year CAGR, GROY leads at 58. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Newmont Corporation (NEM) is the more profitable company, earning 32.

1% net margin versus -26. 5% for Gold Royalty Corp. — meaning it keeps 32. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NEM leads at 46. 9% versus 10. 9% for GROY. At the gross margin level — before operating expenses — GROY leads at 75. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Newmont Corporation (NEM) trades at 11.

0x forward P/E versus 60. 9x for Gold Royalty Corp. — 49. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for GROY: 67. 0% to $5. 88.

In this comparison, NEM (0.

9% yield) pays a dividend. GROY does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Newmont Corporation (NEM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

75), 0. 9% yield, +271. 4% 10Y return). Both have compounded well over 10 years (NEM: +271. 4%, GROY: -0. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

NEM pays a dividend while GROY does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.