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 composite score
| # | Ticker | Name | Composite |
|---|---|---|---|
| 1 | KCN.AU | Kingsgate Consolidated Ltd | 63.2 |
| 2 | OBM.AU | Ora Banda Mining Ltd | 62.4 |
| 3 | FML.AU | Focus Minerals Ltd | 66.1 |
| 4 | LUG.TO | Lundin Gold Inc | 63.2 |
| 5 | THX.LSE | Thor Explorations Ltd. | 75.3 |
| 6 | HAR.JSE | Harmony Gold Mining Co. Ltd. | 67.4 |
| 7 | HMY.US | Harmony Gold Mining Company Limited | 67.7 |
| 8 | LSX.AU | Lion Selection Group Ltd | 65.8 |
| 9 | ALTN.LSE | AltynGold plc | 69.4 |
| 10 | PSAB.JK | J Resources Asia Pasifik Tbk | 74.4 |
| 11 | GFI.JSE | Gold Fields Ltd | 66.2 |
| 12 | GFI.US | Gold Fields Ltd ADR | 76.9 |
| 13 | G1FI34.SA | Gold Fields Limited | 72.9 |
| 14 | 1712.HK | Dragon Mining Ltd | 78.7 |
| 15 | WDO.TO | Wesdome Gold Mines Ltd. | 72.4 |
| 16 | 3330.HK | Lingbao Gold Co Ltd | 61.1 |
| 17 | GGP.AU | Greatland Resources Limited | 63.3 |
| 18 | GGP.LSE | Greatland Resources Limited | 66.0 |
| 19 | GMD.AU | Genesis Minerals Ltd | 62.2 |
| 20 | KNT.TO | K92 Mining Inc | 66.5 |
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Methodology: How we score stocks. Data refreshed nightly around 03:30 ET. This page lists the top 20 by composite score within the Gold industry; use the screener for the full ranked list.