Therefore, it has an upside potential of almost 41% at this moment. In short, Goldcorp looks a great buy at this point in time. Gold Industry's Major Players Based in Colorado, USA, Newmont Mining Corp (NYSE: NEM ) is one of the largest producers of gold. Currently, it is trading at a forward P/E (1yr) of 9.9x and has a dividend yield of 3.10%. A mean recommendation of 2.5 on the sell side depicts the fact that it isn't as attractive as Goldcorp. However, it has a mean target price of $56.73 on the sell side; hence, it is undervalued by 30%. Adding its dividend yield in this return gives us a total return of almost 33%. Therefore, we recommend buying Newmont Mining.