LIVE
WPM
Wheaton Precious Metals Corp. · Materials - Precious Metals Streaming
$122.57
-1.12% this month
VERSUS
⟷
COMPARE
GOLD
Barrick Gold Corporation · Materials - Gold Mining
$42.25
+7.02% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
WPM
0
GOLD
3
Comparison scoreboard
GOLD LEADS 3/5AI Score
WPM 57.7
GOLD N/A
1Y Return
WPM +35.00%
GOLD ✓+103.41%
Fwd P/E
WPM 21.72
GOLD ✓11.64
Target Up.
WPM +44.50%
GOLD ✓+55.74%
Op. Margin
WPM N/A
GOLD N/A
Metrics last refreshed: 6/20/2026
Quick take
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.
Live analysis · updated 6/20/2026
GOLD holds the edge across 3 of 5 key metrics in this comparison. GOLD leads on both 1-year return (+103.41%) and forward P/E (11.64x vs 21.72x for WPM), a relatively favorable combination of momentum and valuation. Analyst consensus implies meaningfully more upside for GOLD (+55.74%) than for WPM (+44.50%).
Normalized 1Y performance
WPM
GOLD
Recent returns
WPM
GOLD
Analyst price targets & sentiment
WPM · 9 analysts
STRONG BUYHOLDSTRONG SELL
Strong Buy (1.3/5.0)
Price target range
analyst low$160.00
analyst high$215.00
analyst mean$177.11
current price$122.57
+44.5% upside to analyst mean
GOLD · 5 analysts
STRONG BUYHOLDSTRONG SELL
Strong Buy (1.2/5.0)
Price target range
analyst low$52.00
analyst high$90.00
analyst mean$65.80
current price$42.25
+55.7% upside to analyst mean
Who should consider this stock?
WPM may suit investors who:
- →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
GOLD may suit investors who:
- →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
Performance & AI score
| Metric | WPM | GOLD |
|---|---|---|
| AI score | 57.7 | N/A |
| AI rank | #212 | N/A |
| Latest close | $122.57 | $42.25 |
| 1M return | -1.12% | +7.02% |
| 6M return | +6.84% | +30.30% |
| 1Y return | +35.00% | +103.41% |
$10,000 invested — hypothetical growth (dividends reinvested)
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 | $13.54K (+35.4%) started 2025-06-18 | $20.86K (+108.6%) started 2025-06-18 |
| 5Y ago | $31.28K (+212.8%) started 2021-06-18 | $25.84K (+158.4%) started 2021-06-18 |
| 10Y ago | $74.96K (+649.6%) started 2016-06-20 | $117.51K (+1075.1%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | WPM | GOLD |
|---|---|---|
| Market cap | $55.66B | $1.23B |
| Trailing P/E | 30.95 | 13.76 |
| Forward P/E | 21.72 | 11.64 |
| Price/Sales | 20.27 | 0.05 |
| EV/Revenue | 20.43 | 0.12 |
| Analyst target | $177.11 | $65.80 |
| Target upside | +44.50% | +55.74% |
Growth, profitability & risk
| Metric | WPM | GOLD |
|---|---|---|
| Revenue growth | 91.60% | 244.00% |
| Earnings growth | 128.80% | N/A |
| EPS growth | +128.80% | N/A |
| FCF margin | +23.30% | -3.23% |
| Operating margin | N/A | N/A |
| Profit margin | 65.55% | 0.35% |
| ROIC proxy | 21.54% | 10.82% |
| Return on equity | 21.54% | 10.82% |
| Dividend yield | 0.61% | 1.83% |
| Beta | 1.16 | 0.60 |
| Debt/equity | 0.08 | 182.41 |
| Current ratio | 4.53 | 1.18 |
| Quick ratio | 4.53 | 0.13 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
WPM max drawdown34.92%
GOLD max drawdown40.58%
WPM max wkly drop18.05%
GOLD max wkly drop14.67%
5Y risk snapshot
WPM max drawdown43.29%
GOLD max drawdown57.07%
WPM max wkly drop18.05%
GOLD max wkly drop24.51%
10Y risk snapshot
WPM max drawdown48.64%
GOLD max drawdown62.64%
WPM max wkly drop24.71%
GOLD max wkly drop24.51%
Performance metrics by period
| Period | Metric | WPM | GOLD |
|---|---|---|---|
| 1Y | Growth | +35.00% | +103.41% |
| CAGR | +35.03% | +103.51% | |
| Sharpe ratio | 0.79 | 1.55 | |
| Max drawdown | 34.92% | 40.58% | |
| Max daily drop | 13.64% | 8.28% | |
| Max wkly drop | 18.05% | 14.67% | |
| 5Y | Growth | +196.25% | +110.39% |
| CAGR | +24.26% | +16.04% | |
| Sharpe ratio | 0.67 | 0.46 | |
| Max drawdown | 43.29% | 57.07% | |
| Max daily drop | 13.64% | 16.05% | |
| Max wkly drop | 18.05% | 24.51% | |
| 10Y | Growth | +556.08% | +716.40% |
| CAGR | +20.71% | +23.38% | |
| Sharpe ratio | 0.58 | 0.59 | |
| Max drawdown | 48.64% | 62.64% | |
| Max daily drop | 16.90% | 17.46% | |
| Max wkly drop | 24.71% | 24.51% |
Business comparison
| Category | WPM | GOLD |
|---|---|---|
| Company | Wheaton Precious Metals Corp. | Barrick Gold Corporation |
| Sector | Materials - Precious Metals Streaming | Materials - Gold Mining |
| Industry | N/A | N/A |
| 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. |
WPM strengths
- →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
GOLD strengths
- →Large-scale, diversified global gold mining portfolio
- →Growing copper exposure provides diversification beyond gold
- →Direct operational leverage to rising gold prices
Risks to watch — WPM
- →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
Risks to watch — GOLD
- →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
Frequently asked questions
Free public comparison
Want deeper AI forecasts?
This comparison page is public and free forever. Subscribers can unlock saved watchlists, full AI rankings, detailed forecasts, and interactive analysis tools.
More comparisons
Browse all 1,000 comparisons →