Agnico Eagle Mines (AEM) vs Wheaton Precious Metals (WPM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Wheaton Precious Metals (WPM) has outperformed Agnico Eagle Mines (AEM) over the past year, gaining 23.9% versus a gain of 8.5%. Over five years, WPM leads with a +227.2% price change compared with +214.1% for AEM. Agnico Eagle Mines is the larger company by market cap ($91.34 billion vs $60.72 billion), about 1.5 times the size, while Wheaton Precious Metals is growing revenue faster (+80.2% vs +43.7%).
On valuation, Agnico Eagle Mines trades at a lower forward P/E (14.5x vs 26.9x for Wheaton Precious Metals). Agnico Eagle Mines offers the higher dividend yield (0.94% vs 0.54%). Wheaton Precious Metals converts more of its revenue into profit, with a net margin of 63.6% versus 37.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AEM | WPM |
|---|---|---|
| Share price | $180.39 | $133.69 |
| Market cap | $91.34B | $60.72B |
| 1-day change | -3.03% | -2.88% |
| YTD return | +6.41% | +14.17% |
| 1-year return | +8.48% | +23.86% |
| 5-year return | +214.10% | +227.16% |
| P/E ratio (TTM) | 15.43 | 29.38 |
| Forward P/E | 14.50 | 26.87 |
| EPS (TTM) | $11.69 | $4.55 |
| Dividend yield | 0.94% | 0.54% |
| Annual dividend | $1.70 | $0.72 |
| Revenue (latest FY) | $11.91B | $2.31B |
| Revenue growth (YoY) | +43.71% | +80.18% |
| Net income (latest FY) | $4.46B | $1.47B |
| Gross margin | 71.95% | 72.22% |
| Operating margin | — | 68.33% |
| Net margin | 37.47% | 63.58% |
| 52-week high | $255.24 | $165.76 |
| 52-week low | $134.38 | $92.57 |
| Distance from 52-week high | -29.33% | -19.35% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +19.72% | +33.00% |
| Average volume | 2.63M | 1.99M |
| Shares outstanding | 506.36M | 454.16M |
| Sector | Basic Materials | Basic Materials |
| Industry | Precious Metals | Precious Metals |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- WPM has outperformed AEM by 15.4 percentage points over the past year.
- Wheaton Precious Metals trades at a higher earnings multiple (29.4x vs 15.4x trailing P/E).
- Wheaton Precious Metals is more profitable, keeping 63.6 cents of every revenue dollar as net income versus 37.5 cents for Agnico Eagle Mines.
- Wheaton Precious Metals grew revenue faster in its latest fiscal year (+80.18% vs +43.71%).
About Agnico Eagle Mines
AEM stock →Agnico Eagle Mines Limited, a gold mining company, engages in the exploration, development, and production of precious metals. It explores for gold, silver, copper, and zinc.
Basic Materials · Precious Metals
About Wheaton Precious Metals
WPM stock →Wheaton Precious Metals Corp. operates as a precious metal streaming company.
Basic Materials · Precious Metals
AEM vs WPM FAQ
Which is bigger, Agnico Eagle Mines or Wheaton Precious Metals?
Agnico Eagle Mines (AEM) is larger, with a market capitalization of $91.34B compared with $60.72B for Wheaton Precious Metals (WPM).
Which stock has performed better over the past year, AEM or WPM?
WPM returned +23.86% over the past 12 months, compared with +8.48% for AEM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AEM or WPM?
AEM has the lower trailing P/E at 15.4, versus 29.4 for WPM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Agnico Eagle Mines or Wheaton Precious Metals?
Agnico Eagle Mines has the higher yield at 0.94%, compared with 0.54% for Wheaton Precious Metals.
Are Agnico Eagle Mines and Wheaton Precious Metals in the same industry?
Yes. Both are classified in the Precious Metals industry within the Basic Materials sector.