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
| # | Ticker | Name | ROIC |
|---|---|---|---|
| 1 | SSRM.US | SSR Mining Inc | 7908.8% |
| 2 | FML.AU | Focus Minerals Ltd | 85.3% |
| 3 | KCN.AU | Kingsgate Consolidated Ltd | 78.5% |
| 4 | OBM.AU | Ora Banda Mining Ltd | 74.9% |
| 5 | HAR.JSE | Harmony Gold Mining Co. Ltd. | 58.2% |
| 6 | HMY.US | Harmony Gold Mining Company Limited | 57.8% |
| 7 | 1712.HK | Dragon Mining Ltd | 57.2% |
| 8 | GFI.JSE | Gold Fields Ltd | 57.1% |
| 9 | GFI.US | Gold Fields Ltd ADR | 56.4% |
| 10 | GGP.LSE | Greatland Resources Limited | 51.7% |
| 11 | GGP.AU | Greatland Resources Limited | 51.7% |
| 12 | DRD.JSE | DRDGOLD Limited | 51.0% |
| 13 | DRD.US | DRDGOLD Limited ADR | 50.5% |
| 14 | ALTN.LSE | AltynGold plc | 46.2% |
| 15 | RRL.AU | Regis Resources Ltd | 44.4% |
| 16 | THX.LSE | Thor Explorations Ltd. | 44.4% |
| 17 | G1FI34.SA | Gold Fields Limited | 43.7% |
| 18 | PSAB.JK | J Resources Asia Pasifik Tbk | 43.6% |
| 19 | WDO.TO | Wesdome Gold Mines Ltd. | 40.7% |
| 20 | ANG.JSE | AngloGold Ashanti Ltd | 36.3% |
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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.