AU vs PAAS vs IAG Stock Comparison

AngloGold Ashanti, Pan American Silver and Iamgold Prices as of Nov 5, 2026 Peers: Industry group
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AU AngloGold Ashanti PLC
$88.63 -5.3% 1M +32.2% 1Y
Market cap
$46.96B
P/E
12.0x
Revenue (TTM)
$12.03B
Div. yield
–
Gold Basic Materials
2 wins
IAG Iamgold Corp
$17.46 -6.0% 1M +46.5% 1Y
Market cap
$10.40B
P/E
6.5x
Revenue (TTM)
$3.83B
Div. yield
–
Gold Basic Materials
7 wins

Head to Head

11 decided of 12

Iamgold leads on 7 of the 12 questions below (Iamgold 7, AngloGold Ashanti 2, Pan American Silver 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAUPAASIAGLeader
Larger companyMarket capitalisation $46.96B $15.48B $10.40B AU
Cheaper on earningsLower P/E, profitable companies only 12.0x 9,863x 6.5x IAG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 10.5x 12.7x 9.5x IAG
Faster revenue growthRevenue growth, trailing twelve months +40.3% +6.2% +71.5% IAG
More profitableNet margin, trailing twelve months 32.6% 0.0% 41.9% IAG
Better return on capitalReturn on invested capital 51.0% 0.0% — AU
Less leveragedLower net debt / EBITDA — -4.3x -0.1x PAAS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +32.2% +19.9% +46.5% IAG
Better 5-year returnAnnualised price return, 5 years +36.3%/yr +9.3%/yr +42.0%/yr IAG
Less volatileAnnualised volatility, 1 year 60.8% 58.8% 64.2% PAAS
Higher overall scoreMean of the five percentile scores vs peers 84/100 66/100 92/100 IAG

Percentile Scorecard

AUPAASIAG

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAUPAASIAG
Valuation 76 #42 of 169 56 #75 of 169 98 #5 of 169
Growth 76 #38 of 153 88 #20 of 153 98 #4 of 153
Profitability 98 #3 of 123 50 #62 of 123 100 #1 of 123
Financial Health 76 #41 of 165 87 #23 of 165 72 #47 of 165
Shareholder Returns 97 #5 of 116 50 #58 of 116 –
Overall 84 66 92
  • AU ranked among 177 companies in Metals and Mining
  • PAAS ranked among 177 companies in Metals and Mining
  • IAG ranked among 177 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAUPAASIAGSPY
1 month -5.3%-11.8%-6.0% -5.9%
3 months +1.2%-15.7%+9.0% -4.6%
6 months -11.6%-29.9%-4.8% +0.2%
Year to date +3.9%-21.8%+5.9% +7.5%
1 year +32.2%+19.9%+46.5% +8.2%
3 years +366.5%+166.1%+595.6% +68.3%
3 years, per year +67.1%+38.6%+91.0% +19.0%
5 years +369.2%+55.8%+476.2% +56.5%
5 years, per year +36.3%+9.3%+42.0% +9.4%
10 years +525.0%+145.5%+314.7% +251.5%
10 years, per year +20.1%+9.4%+15.3% +13.4%

Risk

MeasureAUPAASIAGSPY
Volatility, 1Y 60.8%58.8%64.2% 13.6%
Downside volatility, 1Y 62.8%60.8%65.4% 14.2%
Beta vs S&P 500, 1Y 2.001.972.12 1.00
Return / volatility, 1Y 0.530.340.72 0.60
Max drawdown, 5Y -52.8%-59.2%-73.6% -25.4%
From 52-week high -30.9%-41.0%-28.9% -5.9%
52-week high $128.26$68.70$24.57 $779.14
52-week low $67.04$33.77$11.92 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAUPAASIAG
P/E now vs peer median 11.5xmedian 12.9x 9,841xmedian 12.9x 6.2xmedian 12.9x
P/S now vs peer median 3.7xmedian 3.1x 4.9xmedian 3.1x 2.7xmedian 3.1x
EV/EBITDA now vs peer median —median 7.6x 44.0xmedian 7.6x 3.9xmedian 7.6x
P/FCF now vs peer median 7.1xmedian 12.2x 11.2xmedian 12.2x 5.2xmedian 12.2x
P/B now vs peer median 4.0xmedian 2.2x 2.3xmedian 2.2x —median 2.2x
PEG now vs peer median —median 0.19 377.07median 0.19 0.04median 0.19

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAUPAASIAG
Revenue $12.03B $3.46B $3.83B
Gross profit $6.59B $1.18B $1.99B
Operating income $6.18B $2.08M $2.10B
Net income $4.59B $1.12B $1.44B
Free cash flow $6.30B $1.53B $2.00B
R&D $239.00M – $29.70M
EPS (diluted) $7.71 $0.00 $2.76
Cash & equivalents $3.08B $1.51B $766.60M
Total debt $1.80B $2.00M $449.20M
Shares (diluted) 509.09M 381.58M 581.70M
Enterprise value $34.27B $9.70B $8.16B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAUPAASIAG
P/E 11.5x 9,841x 6.2x
P/FCF 7.1x 11.2x 5.2x
P/Operating cash flow 7.3x 14.2x 4.7x
P/S 3.7x 4.9x 2.7x
P/B 4.0x 2.3x –
P/Tangible book 4.0x 2.3x –
EV/EBITDA – 44.0x 3.9x
EV/EBIT 7.0x 7,492x 4.8x
EV/Revenue 3.6x 4.5x 2.6x
EV/FCF 6.9x 10.2x 5.0x
EV/Operating cash flow 7.0x 12.9x 4.6x
PEG (3Y EPS CAGR) – 377.07 0.04

Growth

14 metrics
MetricAUPAASIAG
Revenue growth (1Y) 40.3% 6.2% 71.5%
Revenue CAGR (3Y) – 19.6% 62.3%
Gross profit growth (1Y) 67.5% 15.1% 167.0%
Gross profit CAGR (3Y) – 118.7% 176.1%
Operating income growth (1Y) 80.2% 112.6% 53.8%
Operating income CAGR (3Y) – 179.0% 366.1%
Net income growth (1Y) 72.8% 111.9% 187.1%
Net income CAGR (3Y) – 69.4% 153.6%
EPS growth (1Y) 47.6% 135.9% 277.5%
EPS CAGR (3Y) – 26.1% 155.1%
Operating cash flow growth (1Y) 59.5% 283.0% 270.9%
Operating cash flow CAGR (3Y) – – 84.4%
Free cash flow growth (1Y) 63.6% 185.9% 120.8%
Free cash flow CAGR (3Y) – 66.2% 106.3%

Profitability

14 metrics
MetricAUPAASIAG
Gross margin 54.8% 34.0% 51.8%
EBITDA margin – 10.2% 67.7%
Operating margin 51.4% 0.1% 54.9%
Pretax margin 52.5% 0.1% 53.8%
Net margin 32.6% 0.0% 41.9%
FCF margin 52.4% 44.2% 52.1%
Operating cash flow margin 51.1% 34.8% 56.8%
Return on equity 45.6% 0.0% –
Return on assets 28.9% 0.0% –
Return on invested capital 51.0% 0.0% –
Return on capital employed 39.0% 0.0% –
Asset turnover 0.8x 0.3x –
Cash conversion (OCF / net income) 1.3x 1.1x 1.5x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricAUPAASIAG
Debt / assets 11.1% 0.0% –
Debt / equity 0.2x 0.0x –
Net debt / EBITDA – -4.3x -0.1x
Debt / FCF 0.3x 0.0x 0.2x
Liabilities / assets 31.2% 27.3% –
Equity / assets 68.8% 72.7% –
Interest coverage – 22.1x 12.3x
Current ratio – 14.1x –
Quick ratio 143.6x 2.3x –
Cash ratio 121.0x 2.1x –
Altman Z-score – 5.15 –

Shareholder Returns

7 metrics
MetricAUPAASIAG
Dividend yield 5.1% 1.7% –
Net buyback yield – -2.8% –
Shareholder yield 5.1% -1.1% 0.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAUPAASIAG
Forward P/E 10.5xFY2026 12.7xFY2026 9.5xFY2026
EPS, next fiscal year $8.47FY2026 $3.18FY2026 $1.84FY2026
EPS growth, next FY +57.7%FY2026 +25.7%FY2026 +50.8%FY2026
EPS growth, the year after +9.8% +32.1% +11.4%
Revenue, next fiscal year $11.78BFY2026 $4.51BFY2026 $3.57BFY2026
Revenue growth, next FY +21.1%FY2026 +24.9%FY2026 +25.8%FY2026
Revenue growth, the year after +3.7% +12.8% +3.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAUPAASIAG
Held by institutions 45.9% 56.5% 0.0%
Institutions holding 566 586 1
Change in shares held, QoQ +3.0% -1.0% –
Institutions buying 326 268 0
Institutions selling 166 199 0
Buyers to sellers 1.96 1.35 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AUPAASIAG
AU 1.00 0.82 0.86
PAAS 0.82 1.00 0.88
IAG 0.86 0.88 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AU, PAAS and IAG?

AngloGold Ashanti (AU) is the largest by market capitalisation: AngloGold Ashanti (AU) $46.96B, Pan American Silver (PAAS) $15.48B, Iamgold (IAG) $10.40B.

Which stock is cheaper, AU, PAAS and IAG?

Iamgold (IAG) trades on the lowest price-to-earnings ratio (AngloGold Ashanti (AU) 12.0x, Pan American Silver (PAAS) 9,863x, Iamgold (IAG) 6.5x). On next year's consensus earnings, Iamgold (IAG) is cheapest (AngloGold Ashanti (AU) 10.5x, Pan American Silver (PAAS) 12.7x, Iamgold (IAG) 9.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Iamgold (IAG) grew revenue fastest over the trailing twelve months: AngloGold Ashanti (AU) +40.3%, Pan American Silver (PAAS) +6.2%, Iamgold (IAG) +71.5%.

Which company is more profitable?

Iamgold (IAG) has the highest net margin (AngloGold Ashanti (AU) 32.6%, Pan American Silver (PAAS) 0.0%, Iamgold (IAG) 41.9%). On return on invested capital, AngloGold Ashanti (AU) leads (AngloGold Ashanti (AU) 51.0%, Pan American Silver (PAAS) 0.0%).

Which stock has performed better?

Over the past year Iamgold (IAG) returned the most: AngloGold Ashanti (AU) +32.2%, Pan American Silver (PAAS) +19.9%, Iamgold (IAG) +46.5%. Over five years, Iamgold (IAG) compounded fastest (AngloGold Ashanti (AU) +36.3%/yr, Pan American Silver (PAAS) +9.3%/yr, Iamgold (IAG) +42.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Pan American Silver (PAAS) has been the steadiest (AngloGold Ashanti (AU) 60.8%, Pan American Silver (PAAS) 58.8%, Iamgold (IAG) 64.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AU, PAAS and IAG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Iamgold (IAG) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.