Best Greenblatt Magic Formula Stocks in Gold for 2026

High earnings yield plus high ROIC: Joel Greenblatt's Magic Formula for market-beating returns.

Gold miners trade as a leveraged play on the gold price plus an idiosyncratic cost-curve story. Composite scoring tends to reward the Health pillar (net debt to EBITDA, all-in sustaining cost coverage) since cycle troughs are when balance sheet matters most. Valuation pillar uses P/NAV alongside earnings multiples.

Data as of (updated daily)

Top 20 Gold stocks by ROIC

#TickerNameROIC
1SSRM.USSSR Mining Inc7908.8%
2FML.AUFocus Minerals Ltd85.3%
3KCN.AUKingsgate Consolidated Ltd78.5%
4OBM.AUOra Banda Mining Ltd74.9%
5HAR.JSEHarmony Gold Mining Co. Ltd.58.2%
6HMY.USHarmony Gold Mining Company Limited57.8%
71712.HKDragon Mining Ltd57.2%
8GFI.JSEGold Fields Ltd57.1%
9GFI.USGold Fields Ltd ADR56.4%
10GGP.LSEGreatland Resources Limited51.7%
11GGP.AUGreatland Resources Limited51.7%
12DRD.JSEDRDGOLD Limited51.0%
13DRD.USDRDGOLD Limited ADR50.5%
14ALTN.LSEAltynGold plc46.2%
15RRL.AURegis Resources Ltd44.4%
16THX.LSEThor Explorations Ltd.44.4%
17G1FI34.SAGold Fields Limited43.7%
18PSAB.JKJ Resources Asia Pasifik Tbk43.6%
19WDO.TOWesdome Gold Mines Ltd.40.7%
20ANG.JSEAngloGold Ashanti Ltd36.3%

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Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by ROIC within the Gold industry; use the screener for the full ranked list.

Frequently asked questions about Greenblatt Magic Formula Stocks in Gold