GdCo$_5$ may be considered as two sublattices - one of Gd and one of Co - whose magnetizations are in antiparallel alignment, forming a ferrimagnet. Substitution of nickel in the cobalt sublattice of GdCo$_5$ has been investigated to gain insight into how the magnetic properties of this prototype rare-earth/transition-metal magnet are affected by changes in the transition metal sublattice. Polycrystalline samples of GdCo$_{5-x}$Ni$_x$ for 0 $ leq x leq $ 5 were synthesized by arc melting. Structural characterization was carried out by powder x-ray diffraction and optical and scanning electron microscope imaging of metallographic slides, the latter revealing a low concentration of Gd$_2$(Co, Ni)$_7$ lamellae for $x leq 2.5$. Compensation - i.e. the cancellation of the opposing Gd and transition metal moments is observed for $1 leq x leq 3$ at a temperature which increases with Ni content; for larger $x$, no compensation is observed below 360 K. A peak in the coercivity is seen at $x approx 1$ at 10K coinciding with a minimum in the saturation magnetization. Density-functional theory calculations within the disordered local moment picture reproduce the dependence of the magnetization on Ni content and temperature. The calculations also show a peak in the magnetocrystalline anisotropy at similar Ni concentrations to the experimentally observed coercivity maximum.
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