NEM vs B — which stock performed better?

Newmont Corporation (NEM) versus Barrick Mining Corporation (B), Materials, on 2026-08-07.

Result

Barrick Mining Corporation (B) performed better on 2026-08-07. NEM moved 2.260%, B moved 2.430%.

Why these two companies

Gold jumped toward a seven-week high on Thursday, August 6, 2026 as traders grew more confident that the Strait of Hormuz could soon reopen, easing a key supply fear that had been supporting bullion prices. The world's two largest gold producers both rode the metal's rally hard in the prior session -- Newmont added roughly 6.9% and Barrick roughly 7.4% on Wednesday, August 5, 2026 -- setting up a direct head-to-head between the sector's biggest names just days before Barrick reports second-quarter results on Monday, August 10, 2026.

The research

Newmont Corporation digs up and sells gold from mines on several continents and is the largest gold-mining company in the world. Barrick Mining Corporation also mines gold, plus a meaningful amount of copper, from operations spread across the Americas, Africa, and beyond. Both companies make more money when gold prices rise, which is exactly what has been happening as investors seek safety amid Middle East tensions.

One reason to consider Newmont is that it just delivered a strong earnings report and is generally seen as the steadier, lower-drama option in the group. One reason to consider Barrick is that its added copper business gives it extra upside if industrial metal prices keep climbing on top of gold's rally, and some investors see its shares as cheaper relative to its profits.

Something to keep in mind: both of these stocks tend to rise and fall together with the price of gold and with global news, so a swing in one direction for gold could lift or drag down both companies at once. Barrick is also due to report its own quarterly results on Monday, August 10, 2026, which could shake up its share price around that date.