WPM vs GOLD Stock Comparison: AI Score, Valuation, Performance and Upside
WPM offers a lower-risk, higher-margin way to gain gold exposure through its asset-light streaming model, while GOLD provides direct operational leverage to gold prices with the higher risk and cost variability of actual mining. WPM tends to command a premium valuation for its more predictable, less capital-intensive business.
WPM vs GOLD contrasts an asset-light precious metals streaming company against a traditional large-scale gold miner with direct operational and geopolitical exposure.
GOLD holds the edge across 3 of 5 key metrics in this comparison. GOLD leads on both 1-year return (+74.58%) and forward P/E quality (12.07x vs 30.63x for WPM), a relatively favorable combination of momentum and valuation. On fundamentals, GOLD is growing revenue faster (244.00%), while WPM maintains the higher operating margin (72.29%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for GOLD (+50.13%) than for WPM (+12.66%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want gold exposure without direct mining operational risk
- Value high margins and predictable cash flow from streaming contracts
- Are willing to pay a premium valuation for a lower-risk model
- Want maximum direct operational leverage to rising gold prices
- Are comfortable with mining cost inflation and geopolitical risk
- See value in Barrick's growing copper diversification
| Metric | WPM | GOLD |
|---|---|---|
| AI scorei | 57.4 | N/A |
| AI ranki | #222 | N/A |
| Latest closei | $151.01 | $45.46 |
| 1M returni | +2.56% | +2.42% |
| 6M returni | +32.33% | +10.90% |
| 1Y returni | +44.76% | +74.58% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | WPM | GOLD |
|---|---|---|
| 1Y ago | $14.54K (+45.4%) started 2025-09-18 | $18.2K (+82.0%) started 2025-09-18 |
| 5Y ago | $40.91K (+309.1%) started 2021-09-20 | $24.03K (+140.3%) started 2021-09-20 |
| 10Y ago | $72.66K (+626.6%) started 2016-09-19 | $116.03K (+1060.3%) started 2016-09-19 |
Hypothetical — past performance does not guarantee future results.
| Metric | WPM | GOLD |
|---|---|---|
| Market capi | $70.39B | $1.27B |
| Trailing P/Ei | 34.36 | 14.28 |
| Forward P/Ei | 30.63 | 12.07 |
| Price/Salesi | N/A | N/A |
| EV/Revenuei | 22.78 | 0.12 |
| Analyst targeti | $174.61 | $65.80 |
| Target upsidei | +12.66% | +50.13% |
| Metric | WPM | GOLD |
|---|---|---|
| Revenue growthi | 84.70% | 244.00% |
| Earnings growthi | 85.70% | N/A |
| EPS growthi | +85.70% | N/A |
| FCF margini | -111.10% | -3.23% |
| Operating margini | 72.29% | 0.86% |
| Profit margini | 64.66% | 0.35% |
| ROIC proxyi | 23.55% | 10.82% |
| Return on equityi | 23.55% | 10.82% |
| Dividend yieldi | 0.50% | 1.85% |
| Payout ratioi | 15.97% | 26.49% |
| Dividend growth streaki | No increase yet | 1 yr |
| Betai | 1.27 | 0.62 |
| Debt/equityi | 20.40 | 182.41 |
| Current ratioi | 0.47 | 1.18 |
| Quick ratioi | 0.45 | 0.13 |
Over the past year, WPM and GOLD have moved moderately in the same direction (correlation of 0.51), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | WPM | GOLD |
|---|---|---|---|
| 1Y | Growthi | +44.76% | +74.58% |
| CAGRi | +44.79% | +74.64% | |
| Volatilityi | 50.47% | 54.54% | |
| Sharpe ratioi | 0.90 | 1.21 | |
| Sortino ratioi | 1.26 | 1.99 | |
| Max drawdowni | 37.38% | 40.93% | |
| Current drawdowni | 8.47% | 26.68% | |
| Avg drawdowni | 13.77% | 19.47% | |
| Ulcer Indexi | 17.60% | 24.11% | |
| Max daily dropi | 13.64% | 8.28% | |
| Max wkly dropi | 18.05% | 14.67% | |
| 5Y | Growthi | +288.32% | +95.64% |
| CAGRi | +31.22% | +14.38% | |
| Volatilityi | 36.68% | 48.09% | |
| Sharpe ratioi | 0.81 | 0.43 | |
| Sortino ratioi | 1.16 | 0.63 | |
| Max drawdowni | 43.29% | 56.84% | |
| Current drawdowni | 8.47% | 26.68% | |
| Avg drawdowni | 11.99% | 25.29% | |
| Ulcer Indexi | 16.05% | 29.07% | |
| Max daily dropi | 13.64% | 16.05% | |
| Max wkly dropi | 18.05% | 24.51% | |
| 10Y | Growthi | +536.25% | +673.83% |
| CAGRi | +20.34% | +22.72% | |
| Volatilityi | 37.02% | 47.33% | |
| Sharpe ratioi | 0.57 | 0.57 | |
| Sortino ratioi | 0.81 | 0.88 | |
| Max drawdowni | 46.70% | 62.64% | |
| Current drawdowni | 8.47% | 26.68% | |
| Avg drawdowni | 18.57% | 26.35% | |
| Ulcer Indexi | 21.90% | 30.59% | |
| Max daily dropi | 16.90% | 17.46% | |
| Max wkly dropi | 24.71% | 24.51% |
| Category | WPM | GOLD |
|---|---|---|
| Company | Wheaton Precious Metals Corp. | Barrick Gold Corporation |
| Sector | Basic Materials | Financial Services |
| Industry | Gold | Capital Markets |
| Core business | Wheaton Precious Metals is a royalty and streaming company that provides upfront capital to mining companies in exchange for the right to purchase gold and silver production at fixed, low prices. | Barrick Gold is one of the world's largest gold mining companies, operating mines across the Americas, Africa, and the Middle East, with a growing copper business alongside its core gold operations. |
| Investor focus | Investors track Wheaton's portfolio of streaming agreements, growth in attributable gold-equivalent ounces, and its high-margin, low-capital-intensity business model. | Investors track gold production volumes, all-in sustaining costs, reserve replacement, and geopolitical risk in Barrick's African and South American operating regions. |
- Asset-light streaming model avoids direct mining operational and capital risk
- High margins due to fixed low purchase prices on streamed metal
- Diversified portfolio of streams across many mines and operators
- Large-scale, diversified global gold mining portfolio
- Growing copper exposure provides diversification beyond gold
- Direct operational leverage to rising gold prices
- Growth depends on continuing to find and fund attractive new streaming deals
- Counterparty risk if underlying mine operators face financial or operational distress
- Premium valuation relative to traditional miners reflects its lower-risk model
- Direct exposure to mining operational, cost, and geopolitical risks
- All-in sustaining costs can rise with inflation and aging mines
- Political risk in key operating jurisdictions like Mali and Tanzania
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