This compares to the following: Company Multiple Newmont Mining Corp (NYSE: NEM ) 19X Goldcorp Inc. (USA)(NYSE: GG ) 23X Kinross Gold Corporation (USA)(NYSE: KGC ) 19X Besides, it was only back in 2011 that ABX stock was trading at over $50 a share. During the last couple decades, the company has found the two largest gold deposits (Lagunas Norte in Peru and Goldrush in Nevada). Yet, the main factors that drive the price include complex areas like monetary policy, inflation rates and geopolitics.