Gold and Silver Ores stocks: intrinsic value, ROIC & growth
20 U.S. gold and silver ores companies with at least three years of SEC filings, ranked by size. 7 of the 8 with a current price trade below their Graham intrinsic value. The median company earned a -10.0% average return on invested capital and grew revenue 14.1% a year.
Updated October 18, 2026
20companies
7below Graham value
-10.0%median 10-yr ROIC
14.1%median revenue CAGR
Most undervalued gold and silver ores stocks
| Ticker | Company | Upside | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| NEMCL | NEWMONT Corp /DE/ | +90% | $111.50 | $212.25 | 47% below | $123.5B | 5.0% | 14.5% |
| NEM | Newmont | +79% | $118.60 | $212.25 | 44% below | $131.4B | 5.0% | 14.5% |
| CDE | Coeur Mining, Inc. | +73% | $15.47 | $26.78 | 42% below | $9.5B | 0.1% | 15.4% |
Highest-ROIC gold and silver ores stocks
| Ticker | Company | 10-yr ROIC | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| NEM | Newmont | 5.0% | $118.60 | $212.25 | 44% below | $131.4B | 5.0% | 14.5% |
| NEMCL | NEWMONT Corp /DE/ | 5.0% | $111.50 | $212.25 | 47% below | $123.5B | 5.0% | 14.5% |
| CDE | Coeur Mining, Inc. | 0.1% | $15.47 | $26.78 | 42% below | $9.5B | 0.1% | 15.4% |
All gold and silver ores stocks
| Ticker | Company | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|
| NEM | Newmont | $118.60 | $212.25 | 44% below | $131.4B | 5.0% | 14.5% |
| NEMCL | NEWMONT Corp /DE/ | $111.50 | $212.25 | 47% below | $123.5B | 5.0% | 14.5% |
| CDE | Coeur Mining, Inc. | $15.47 | $26.78 | 42% below | $9.5B | 0.1% | 15.4% |
| PPTA | PERPETUA RESOURCES CORP. | $19.21 | — | — | $1.8B | -158.4% | — |
| MUX | McEwen Inc. | $16.24 | $19.60 | 17% below | $1.1B | -14.3% | 14.1% |
| IAUX | i-80 Gold Corp. | $1.52 | — | — | $1.0B | -21.8% | 31.7% |
| GORO | GOLD RESOURCE CORP | $3.39 | $1.19 | 185% above | $465.5M | -5.2% | 2.0% |
| IDR | Idaho Strategic Resources, Inc. | $21.81 | $37.87 | 42% below | $320.6M | -3.6% | 62.2% |
| URG | UR-ENERGY INC | $0.85 | — | — | $313.1M | -166.2% | -0.0% |
| GDRZF | GOLD RESERVE LTD | $5.19 | — | — | $308.7M | — | — |
| FTCO | Fortitude Gold Corp | $4.68 | — | — | $115.0M | 12.1% | -19.4% |
| USGO | U.S. GoldMining Inc. | $5.54 | — | — | $70.5M | -867.8% | — |
| VRDR | VERDE RESOURCES, INC. | $0.04 | — | — | $49.3M | 6.1% | -19.4% |
| XPL | SOLITARIO RESOURCES CORP. | $0.51 | $1.00 | 49% below | $44.3M | -10.0% | -18.7% |
| AUMN | Golden Minerals Co | $0.20 | — | — | $32.4M | -212.6% | 5.1% |
| WAMFF | Alaska Silver Corp. | $0.39 | — | — | $27.4M | -146.3% | — |
| RNGC | Ranger Gold Corp. | $0.01 | — | — | $1.6M | 610.2% | — |
| DTII | DEFENSE TECHNOLOGIES INTERNATIONAL CORP. | $0.01 | $0.07 | 86% below | $432.3K | 65.1% | 47.6% |
| NG | National Grid plc | $6.60 | — | — | — | -60.5% | — |
| NSRCF | NextSource Materials Inc. | $0.17 | — | — | — | -330.0% | — |
Stock lists
Undervalued Stocks Below Graham Intrinsic Value
Highest ROIC Stocks (10-Year Average)
Highest Free Cash Flow Yield Stocks
Fastest-Growing Stocks by 10-Year Revenue