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STOCK COMPARISON

Lundin Gold vs Newmont: Fair Value & Quality

Both stocks run through our valuation models. Here is how Lundin Gold (LUG) and Newmont (NEM) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Newmont as the less overvalued of the two: Lundin Gold trades at C$102 versus a fair value of C$74.07 (-27%), while Newmont trades at A$178 versus A$162 (-9%).
Lundin Gold
LUG.TO · CAD · Materials
-27%
upside to fair value
overvalued
PriceC$102
Fair ValueC$74.07
Quality85/100
Newmont
NEM.AU · AUD · Materials
-9%
upside to fair value
fairly valued
PriceA$178
Fair ValueA$162
Quality71/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Lundin GoldNewmont
Valuation
19.6×P/E (TTM)11.6×
9.03×P/S (TTM)4.01×
13.38×P/B2.95×
12.5×EV/EBITDA6.0×
PEG2.63×
−27.1%Fair value upside−9.1%
3.6%Dividend yield0.6%
C$3.64Dividend per shareA$1.02
Profitability
66%Operating margin61%
1.08×EBIT margin trend (5Y)1.76×
101%Return on equity26%
51%Return on assets15%
Growth
6%Revenue growth (YoY)46%
30.5%Avg. growth/yr (3Y)25.3%
38.3%Avg. growth/yr (5Y)15.3%
+32.2%Value creation/yr+14.3%
Balance & size
Interest coverage (EBIT/interest)46.9×
0.16×Debt / equity0.15×
$18BMarket cap$100B
mixedGrowth qualityhealthy

Newmont leads: 6 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Lundin Goldof which business quality 82 · market factors 44 Newmontof which business quality 70 · market factors 73
ProfitabilityMargins and returns on capital today
95
63
Quality GrowthAre margins and returns improving?
80
98
CashflowEarnings quality: real cash, not paper profit
87
81
Fin. StrengthBalance sheet, leverage, solvency risk
79
85
InvestmentDisciplined investing over empire-building
63
22
Low VolatilityCalm price path (market factor)
15
63
MomentumPrice trend over the last 3–12 months (market factor)
52
69
52W MomentumDistance to the 52-week high (market factor)
62
92
Net IssuanceBuybacks instead of dilution
79
50

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyLundin GoldPrice C$102NewmontPrice A$178
DCF Models+6%close to the priceC$107+10%close to the priceA$197
Earnings-Based+15%close to the priceC$117-13%close to the priceA$155
Dividend Discount-52%below the priceC$49.14n/a
Multiples-66%below the priceC$34.88-41%below the priceA$106
Asset-Based-96%below the priceC$3.77-88%below the priceA$21.27
Growth DCF-18%below the priceC$83.29-16%below the priceA$150
Economic Profit-61%below the priceC$39.11-51%below the priceA$86.58
Growth Earnings+41%above the priceC$144+6%close to the priceA$189
Minimum-96%below the priceC$3.77-88%below the priceA$21.27
Maximum+41%above the priceC$144+10%close to the priceA$197
Median-35%below the priceC$66.21-16%below the priceA$150
Geometric mean-51%below the priceC$49.80-40%below the priceA$108

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Lundin Gold: 16 of 26 models see the stock below the current price.

Newmont: 15 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Lundin Gold
Bear C$55.98Fair Value C$74.07Bull C$158
C$102 = current price (white tick)
Newmont
Bear A$122Fair Value A$162Bull A$340
A$178 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Lundin Gold · Materials

Quality score85 · Top 25%
Fair value upside-27% · below median

Newmont · Materials

Quality score71 · Top 25%
Fair value upside-9% · above median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Newmont as the less overvalued of the two: Lundin Gold trades at C$102 versus a fair value of C$74.07 (-27%), while Newmont trades at A$178 versus A$162 (-9%).

Lundin Gold has the higher quality score (85/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.